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225 MW PM-KUSUM Solar Power Project

Sector: Power Generation (CCGT) • Location: Maharashtra, India

Source: Mint

Project
Awarded

Rama Steel Tubes acquired a 10% stake in a 225 MW solar power project under the Government of India's PM-KUSUM scheme. The project is structured under Onix IPP, a Special Purpose Vehicle, and is spread across multiple locations in Maharashtra. It has signed Power Purchase Agreements with Maharashtra State Electricity Distribution Company Limited for a 25-year term at a fixed tariff of ₹3.10 per un

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The project “225 MW PM-KUSUM Solar Power Project” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Maharashtra, India. Taiyo aggregates data on it from Mint.

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Description

Description

Rama Steel Tubes acquired a 10% stake in a 225 MW solar power project under the Government of India's PM-KUSUM scheme. The project is structured under Onix IPP, a Special Purpose Vehicle, and is spread across multiple locations in Maharashtra. It has signed Power Purchase Agreements with Maharashtra State Electricity Distribution Company Limited for a 25-year term at a fixed tariff of ₹3.10 per unit. The project is expected to generate gross annual revenue of ₹108.11 crore, translating to a total revenue of ₹2,702.81 crore over 25 years, with Rama Steel Tubes' share being ₹270.28 crore.

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