en.Wedoany.com Reported - Powertrac Group announced that it has signed Power Purchase Agreements (PPAs) for a 480 MW ground-mounted solar project under the Gujarat Distributed Renewable Energy Scheme. The agreements were signed with Gujarat state utility Paschim Gujarat Vij Company Ltd (PGVCL), which is responsible for implementing the state's distributed renewable energy bilateral procurement program.

The projects will be developed using domestically manufactured DCR-compliant photovoltaic modules, with a tariff of INR 2.76 per kWh. Power evacuation will be carried out through an 11 kV feeder-level substation network. The projects are expected to require an investment of INR 21.55 billion.Gujarat has seen rapid development in the solar sector in recent years, and according to public data, the state ranks first in India in terms of residential rooftop solar installations.

Powertrac Group stated that land acquisition, engineering and detailed project planning, as well as equipment procurement activities, are underway. Financing is in its final stages, and ground development activities have commenced. The company aims to build a 1 GW independent power producer (IPP) portfolio by 2030.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com