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MUMBAI : Torrent Power has agreed to acquire 156MW wind power projects for about 790 crore from Surya Vidyut, a unit of CESC Ltd, the company said. Surya Vidyut operates 156MW wind power plants across Gujarat, Rajasthan and Madhya Pradesh.

Long-term power-purchase agreements for the projects are with respective state discoms for a period of 25 years, with a weighted average tariff of 4.68 per kWh.

The acquisition is further subject to customary conditions for transaction closure.

Torrent Power has agreed to acquire 156MW wind power projects for about 790 crore from Surya Vidyut, a unit of CESC Ltd, the company said. Surya Vidyut operates 156MW wind power plants across Gujarat, Rajasthan and Madhya Pradesh.

Long-term power-purchase agreements for the projects are with respective state discoms for a period of 25 years, with a weighted average tariff of 4.68 per kWh.

Further, renewable power projects of 815 MW are under development, of which LOAs have been received and PPA has been executed for projects of 515 MW.

CESC Limited, an RP-Sanjiv Goenka Group is a vertically integrated power utility engaged in generation, transmission and distribution of electricity. CESC Limited (53.79%), Haldia Energy Limited (46.21%) along with other Nominal Shareholders hold 100% equity share capital of Surya Vidyut Limited.

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