Surana Telecom & Power has been awarded a major solar power project, marking a significant milestone in the company's renewable energy expansion strategy. The project award represents a substantial commitment to clean energy infrastructure development.

Project Award Details

The awarded solar power project represents a substantial investment in renewable energy infrastructure. The project specifications are detailed below:

This project award enables Surana Telecom & Power to proceed with the development of the solar power facility, which will contribute to India's growing renewable energy capacity.

Investment Significance

The ₹175.00 crore investment demonstrates the company's commitment to expanding its presence in the renewable energy sector. This substantial financial commitment reflects the strategic importance of solar power generation in the company's business portfolio.

The project award comes at a time when solar energy projects are gaining increased attention due to their environmental benefits and long-term economic viability. The 51.3 MW capacity will contribute meaningfully to the company's power generation capabilities.

Strategic Impact

This solar power project represents a significant step in Surana Telecom & Power's diversification into renewable energy sources. The project award provides the company with the opportunity to strengthen its position in the clean energy sector.

The project aligns with India's broader renewable energy objectives and positions the company to benefit from the growing demand for clean energy solutions in the power generation and distribution sector.

Surana Telecom & Power has announced securing multiple solar power project awards that mark a significant expansion in its renewable energy portfolio. The company received eight Letters of Award (LOAs) for developing grid-connected solar photovoltaic power plants with substantial government backing.

Project Overview and Investment

Surana Telecom & Power has secured eight Letters of Award for 51.3MW solar power projects worth ₹175 crores under the PM KUSUM-C scheme in Madhya Pradesh. The awarded projects encompass a total capacity of 51.3MW (AC) under the Surya Mitra Krishi Feeders Scheme with feeder solarization. The comprehensive project details are outlined below:

Financial Structure and Government Support

The project benefits from attractive financial terms and substantial government assistance. The tariff structure has been set at ₹2.74 per KWh, complemented by Central Financial Assistance (CFA) of ₹1.05 crore per MW from the Government of India. This dual support mechanism enhances the project's viability and ensures stable revenue streams for the company.

Award Distribution and Capacity Allocation

The eight Letters of Award vary in capacity allocation, demonstrating the diverse scale of projects awarded to the company:

Regulatory Compliance and Stakeholders

The projects will supply power to Madhya Pradesh Power Management Company Limited (MPPMCL) and M.P. Urja Vikas Nigam Limited, a Government of Madhya Pradesh enterprise. The awarding entities include M.P. Urja Vikas Nigam Limited and the Ministry of New and Renewable Energy, Government of India (MNRE). The company confirmed that these contracts do not involve any related party transactions and are conducted at arm's length with domestic entities.

Implementation Timeline

The projects must be commissioned within 12 months from the Letter of Award date, with an operational and maintenance period extending 25 years from commissioning. This timeline reflects the government's commitment to accelerating renewable energy deployment while ensuring long-term operational stability for project developers.