Meanwhile, the country is grappling with the crisis of coal and power shortages, the Adani Green Energy Limited (AGEL) has announced a launch of a 390 MW power plant in the country.
India will be receiving its first 390 MW wind-solar hybrid power plant at Jaisalmer in Rajasthan, announced the subsidiary company of Adani Green Energy Limited (AGEL) – Adani Hybrid Energy Jaisalmer One Limited (AHEJOL).
The new plant has a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at a rate of Rs 2.69 per KWH, which is also lower than the national average Power Procurement Cost (APPC). With the launch of this plant, AGEL will now have a working capacity of 5.8 GW. This will help AGEL grow its total renewable portfolio of 204 GW by the year 2030 to meet its vision of 45 GW capacity.
The Managing Director and CEO of Adani Green Energy Limited, on the announcement of the new plant, said that the commissioning of this hybrid power plant will be a step forward toward achieving India’s sustainable energy goals.