Latest news with #JaipurVidyutVitranNigamLimited
Business Standard
a day ago
- Business
- Business Standard
Insolation Energy rises as subsidiary secures 109.79 MW solar project
Insolation Energy rose 1.55% to Rs 274.50 after its wholly owned subsidiary, Insolation Green Energy, received a Letter of Intent (LOI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL). The LOI is part of the PM-KUSUM Component A scheme, which promotes solar energy for agricultural use. The contract involves end-to-end responsibilities, right from design and survey to supply, installation, testing, and commissioning of grid-connected solar power plants across 58 locations. It also includes a 25-year commitment for operations and maintenance from the date of commissioning. These projects will be implemented in RESCO mode, where the developer retains ownership and sells power to the utility. The total capacity of the combined solar projects stands at 109.79 MW. To connect the solar plants to the grid, the company will also build associated 11 KV lines linking to various 33/11 KV substations, along with a remote monitoring system for performance tracking. The contract is expected to be fully executed by the end of Q1 of FY 2026-27 and represents a total investment of around Rs 380 crore. The levelized tariff for the electricity generated has been finalized at Rs 2.55 per unit for 51 sites, Rs 3.037 per unit for 6 sites, and Rs 3.04 per unit for one site. Collectively, these plants are projected to generate 17.56 crore units annually, translating to an estimated annual revenue of approximately Rs 45.82 crore. Jaipur-based Insolation Energy is a leading solar panel manufacturer in India. The company's consolidated net profit surged 60.53% to Rs 64.92 crore while net sales jumped 57.32% to Rs 721.73 crore in H2FY25 over H2FY24.
Business Upturn
a day ago
- Business
- Business Upturn
Insolation Energy bags major 109.79 MW solar project from Jaipur Vidyut Vitran Nigam
Insolation Energy announced a major business win for its wholly owned subsidiary, Insolation Green Energy Pvt. Ltd. The company has received a Letter of Intent (LOI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for the development and long-term operation of grid-connected solar power plants across 58 locations in Rajasthan. This project falls under the PM-KUSUM Component A Scheme, which promotes solar energy adoption in the agricultural sector. The total capacity of these upcoming solar installations is 109.79 MW. The scope of work includes everything from design and survey to supply, installation, testing, and commissioning of the plants—along with comprehensive operation and maintenance for the next 25 years. These solar plants will be connected via 11 kV lines to various 33/11 kV substations and will also feature a remote monitoring system for performance tracking. The project is set to be completed by the first quarter of FY 2026–27 and is expected to involve an investment of around ₹380 crore, including GST. Once operational, these plants are estimated to generate over 17.5 crore units of clean electricity annually, translating to a total yearly revenue of approximately ₹45.8 crore. Tariffs for the power generated have been finalized at ₹2.55, ₹3.037, and ₹3.04 per unit, depending on the site. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
