Key Announcement

Insolation Green Energy Private Limited, a Wholly Owned Subsidiary of Insolation Energy Limited, has received a letter of award from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up 9 solar power projects in different territories of Maharashtra state.

Project Details

  • Total Capacity: 99 MW AC (128.7 MW DC)
  • Number of Projects: 9
  • Scheme: Mukhyamantri Saur Krushi Vahini Yojana - 2.0
  • Awarding Authority: Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL)
  • Basis: Tariff based Competitive Bid

Financial Terms

  • Levelized Tariff: ₹2.90 per unit across all nine sites
  • Annual Revenue: Approximately ₹59.72 crores
  • Operational Life: 25 years
  • Total Investment: Approximately ₹425 crore (including GST)

Project Implementation

  • Commissioning Timeline: Within 18 months from the date of execution of the Power Purchase Agreement (PPA)
  • Project Type: Grid connected solar power projects at multiple locations in Maharashtra
  • Technology: Decentralized ground-mounted solar power projects

Contract Structure

  • Power Purchase Agreement: 25-year term
  • Nature: Domestic contract awarded by domestic entity
  • Related Party Status: No promoter/promoter group/group companies have any interest in MSEDCL
  • Arm's Length Transaction: Does not fall within related party transactions

Unit Generation Details

| S. No. | No. of Sites | Order Quantity (MW AC) | Order Quantity (MW DC) | Rate per Unit (Kwh) | Unit Generation per MW in a Year (Kwh) | Total Unit Generation per Year (Kwh) | Total Revenue per Year (₹) |

| 1 | 9 | 99 | 128.70 | 2.90 | 16,00,000 | 20,59,20,000 | 59,71,68,000 |

| Total | 9 | 99 | | | | 20,59,20,000 | 59,71,68,000 |