7 months ago
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PVV Infra Ltd, an infrastructure institution chiefly into rooftop and ground-based solar power installations, said its 2 subsidiaries person received two solar power orders valued astatine ₹799 crore.
PVV EVTech Private Ltd, a subsidiary of the institution has signed a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for a 100 MW star powerfulness task astatine assorted locations successful the districts of Baghpat and Moradabad successful the state of Uttar Pradesh.
This task volition beryllium undertaken successful Joint Venture with Nacof Oorja Pvt Ltd with a task cost of astir ₹384 crore and an yearly gross of astir ₹53 crore, the institution said.
PVV Housing Private Ltd, different subsidiary of the institution , also received EPC declaration for a 109 MW star powerfulness task successful the authorities of Uttar Pradesh and successful the districts of Baghpat and Moradabad, successful collaboration with Nacof OorjaPvt Ltd. The estimated worth of the task is astir ₹415 crore.
Subsequently, the Board of Directors also approved a strategical determination to grow the company’s beingness successful the Renewable Energy assemblage done Special Purpose Vehicles (SPVs).
“This model, executed via subsidiary companies, enables focused execution of projects by geography and concern vertical (Power Development and EPC), portion improving operational ratio and hazard mitigation,” the institution said.
