Madhav Infra Projects Signs 9 Power Purchase Agreements, Securing 73.15 MW Capacity
Madhav Infra Projects Limited has announced the execution of nine Power Purchase Agreements (PPAs) with the Madhya Pradesh Power Management Company Limited. These agreements, covering concessions for Feeder level Solarization under the PM-KUSUM C Yojana, total a cumulative capacity of 73.15 MW.The agreements were executed with the Madhya Pradesh Power Management Company Limited, which is a Government of M.P. Undertaking. The Power Purchase Agreements involve Madhav Infra Projects Limited generating electricity through a Solar Power Project and subsequently selling the energy to MPPMCL.
The operational parameters of the contracts outline a significant energy venture for the company. The generated electricity from the Solar Power Project, having a cumulative capacity of 73.15 MW, will be sold to MPPMCL.
Key details regarding the contracts include:
| Parameter | Detail |
|---|---|
| Number of Agreements | 9 Power Purchase Agreements (PPAs) |
| Total Capacity | 73.15 MW |
| Awarding Entity | Madhya Pradesh Power Management Company Limited |
| Project Scheme | Feeder level Solarization, PM-KUSUM C Yojana |
| Contract Nature | Power Purchase Agreement |
| Project Tenure | 25 Years from the Scheduled Commissioning Date (SCD) |
| Tariff Structure | Ranging from Rs. 2.71 to Rs. 2.73 per unit |
The agreements are classified as domestic contracts, and the transaction is structured to involve no related-party concerns. This expansion solidifies the company's role in the solar power sector within Madhya Pradesh.
MADHAVIPL Stock Price Movement
Shares of Madhav Infra Projects Limited are edging higher to ₹9.2 as of 10:55 AM today, having gained ₹0.15, or 1.66%. The stock is seeing significant live market activity, supported by 96,780 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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