Oriana Power bags Rs 5.2 Bn contract for 128 MW solar plant
POWER & RENEWABLE ENERGY

Oriana Power bags Rs 5.2 Bn contract for 128 MW solar plant

Oriana Power Limited, through its subsidiary TrueRE Surya Private Limited, had been awarded a contract by Dalmia Cement (Bharat) Limited (DCBL) to build and operate a ground-mounted solar power plant in Tamil Nadu. The project, with a capacity of up to 128 MW, fell under the Open Access Captive solar power plant segment and was estimated to cost Rs 5.2 billion. Once completed, the plant was expected to generate 1,920 lakh units of electricity annually, significantly contributing to Dalmia Bharat Group’s RE100 commitment by 2030 and its goal of becoming carbon negative by 2040.

The solar plant was anticipated to be commissioned within 12 months, enhancing Dalmia Bharat’s renewable energy capacity. Alongside the contract, DCBL had signed a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in TrueRE Surya Private Limited for Rs 4.4 billion, allowing DCBL to source solar power as a captive consumer for up to 128 MW. The transaction was expected to be completed within four to six months.

Anirudh Saraswat, Chief Business Officer at Oriana Power Limited, had reportedly remarked that this prestigious order from Dalmia Cement highlighted Oriana's growing recognition as a preferred renewable energy partner for major enterprises in the country. Oriana Power had earlier secured a ?247.88 crore contract from Bharat Petroleum Corporation Limited (BPCL) for a 52 MW ground-mounted solar project. With these new orders, Oriana now had over 570 MW of cumulative capacity under execution and had already delivered more than 240 MW of solar projects across India.

Additionally, the company had announced a strategic partnership with U.S.-based green hydrogen electrolyser manufacturer Splitwaters. Oriana was planning to commission a Giga-factory to produce electrolysers and Balance of Plant (BOP) modules, with an initial 500 MW capacity set to be operational by 2026, followed by another 500 MW in 2027.

Oriana Power Limited, through its subsidiary TrueRE Surya Private Limited, had been awarded a contract by Dalmia Cement (Bharat) Limited (DCBL) to build and operate a ground-mounted solar power plant in Tamil Nadu. The project, with a capacity of up to 128 MW, fell under the Open Access Captive solar power plant segment and was estimated to cost Rs 5.2 billion. Once completed, the plant was expected to generate 1,920 lakh units of electricity annually, significantly contributing to Dalmia Bharat Group’s RE100 commitment by 2030 and its goal of becoming carbon negative by 2040. The solar plant was anticipated to be commissioned within 12 months, enhancing Dalmia Bharat’s renewable energy capacity. Alongside the contract, DCBL had signed a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in TrueRE Surya Private Limited for Rs 4.4 billion, allowing DCBL to source solar power as a captive consumer for up to 128 MW. The transaction was expected to be completed within four to six months. Anirudh Saraswat, Chief Business Officer at Oriana Power Limited, had reportedly remarked that this prestigious order from Dalmia Cement highlighted Oriana's growing recognition as a preferred renewable energy partner for major enterprises in the country. Oriana Power had earlier secured a ?247.88 crore contract from Bharat Petroleum Corporation Limited (BPCL) for a 52 MW ground-mounted solar project. With these new orders, Oriana now had over 570 MW of cumulative capacity under execution and had already delivered more than 240 MW of solar projects across India. Additionally, the company had announced a strategic partnership with U.S.-based green hydrogen electrolyser manufacturer Splitwaters. Oriana was planning to commission a Giga-factory to produce electrolysers and Balance of Plant (BOP) modules, with an initial 500 MW capacity set to be operational by 2026, followed by another 500 MW in 2027.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000