/connect-gujarat-english/media/post_banners/f8fb5f902f0f79b5b737b058f2aa8e9bf7f3a0696ade3b337527c41b548bf9e3.webp)
Torrent Power, the Torrent Group's integrated power provider, has purchased a 25 MW solar power facility in Gujarat for Rs 163 crore.
The company has entered into a share purchase agreement with Blue Daimond Properties Pvt Ltd and Balrampur Chini Mills Ltd to acquire 100 percent of the equity share capital of Visual Percept Solar Projects Pvt Ltd, a Special Purpose Vehicle (SPV). In Gujarat, the SPV operates a 25-megawatt solar project.
The SPV has a 25-year long-term power purchase agreement with Gujarat Urja Vikas Nigam for the project. Torrent Power presently has a 3.9 GW (gigawatt) installed generation capacity, with 2.7 GW of gas-fired power generation and 0.8 GW of renewables.