Adani Green Energy secures hydro storage contract
after close1 source ↓written by the desknot a recommendation
- pumped hydro storage
- 500 MW
- contract is approximately
- ₹515 cr
- a duration
- 40 years
Adani Green Energy Limited's subsidiary, Adani Saur Urja (KA) Limited, has secured a 500 MW pumped hydro storage contract from Assam Power Distribution Company Limited. The total annual value of the contract is approximately ₹515 cr, with a duration of 40 years. This win enhances Adani's position in India's renewable energy sector.
The long-term nature of this project may provide a stable revenue stream, positively impacting market sentiment for renewable energy investments. ⚡
Not investment advice. For informational purposes only.