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225-MW Solar Power Project under PM-KUSUM Scheme

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

Source: NDTV Profit

Project
Awarded

A 225-MW solar power project structured under Onix IPP, a Special Purpose Vehicle (SPV), spread across multiple locations in Maharashtra. The project has signed Power Purchase Agreements with Maharashtra State Electricity Distribution Company Limited at a fixed tariff of Rs 3.10 per unit for 25 years. Rama Steel Tubes Ltd. holds a 10% equity stake in Onix IPP. The project supports solar energy gen

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

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Description

Description

A 225-MW solar power project structured under Onix IPP, a Special Purpose Vehicle (SPV), spread across multiple locations in Maharashtra. The project has signed Power Purchase Agreements with Maharashtra State Electricity Distribution Company Limited at a fixed tariff of Rs 3.10 per unit for 25 years. Rama Steel Tubes Ltd. holds a 10% equity stake in Onix IPP. The project supports solar energy generation on barren and government-owned lands and aims to empower local economies and reinforce India's commitment to clean energy.

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