Century Enka Limited has executed a Power Purchase Agreement (PPA) with ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle (SPV), for the development of a 9.9 MW wind-solar hybrid power plant. The power generated will be supplied exclusively to one of the Company's facilities located at Bhosari, Pune, Maharashtra under the captive consumption mechanism.
Project Details
- Capacity: 9.9 MW wind-solar hybrid power plant
- Power Procurement: Under captive consumption mechanism
- Power Offtaker: Exclusive supply to Company's facility in Bhosari, Pune, Maharashtra
- Project Operator: The power producer (ABRELCEL) will operate the project
- Commissioning Timeline: Scheduled commissioning date is 30th June 2026 with a grace period of 3 months
Regulatory Requirements
In accordance with the Electricity Act, 2003 read with the Electricity Rules, 2005, the Company is required to hold a minimum of 26% of the equity share capital of the power producer (ABRELCEL) to qualify as a captive user of the power generated.
Transaction Nature
- Related Party Transaction: Yes, the transaction falls within related party transactions
- Transaction Basis: Confirmed to be conducted at arm's length terms
- Counterparty Type: Domestic Special Purpose Vehicle
Additional Information
The complete information is available on the company's website at www.centuryenka.com.