Torrent Power Plans 50 MW Solar Projects for ARS Steel's Power Needs
POWER & RENEWABLE ENERGY

Torrent Power Plans 50 MW Solar Projects for ARS Steel's Power Needs

Torrent Power, known for its involvement in power generation, transmission, and distribution, has announced plans to construct solar projects with a capacity of 50 MW to supply clean energy to ARS Steel & Alloy International (ARS). According to Torrent Power, ARS will hold a minimum of 26% equity shares in Torrent Urja 14 (TU14), a subsidiary tasked with implementing these solar projects.

The Subscription and Shareholders' Agreement (SSSA), recently signed among Torrent Power, ARS, and TU14, outlines the terms for supplying power through the development of solar power generating projects in Tamil Nadu. Under the agreement, ARS will receive power via open access from TU14's projects to its production facilities.

Torrent Power's diversification also extends to manufacturing and supplying power cables. The company's commitment to sustainable energy solutions is underscored by its initiative to expand solar power infrastructure, enhancing ARS's access to clean electricity.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Torrent Power, known for its involvement in power generation, transmission, and distribution, has announced plans to construct solar projects with a capacity of 50 MW to supply clean energy to ARS Steel & Alloy International (ARS). According to Torrent Power, ARS will hold a minimum of 26% equity shares in Torrent Urja 14 (TU14), a subsidiary tasked with implementing these solar projects. The Subscription and Shareholders' Agreement (SSSA), recently signed among Torrent Power, ARS, and TU14, outlines the terms for supplying power through the development of solar power generating projects in Tamil Nadu. Under the agreement, ARS will receive power via open access from TU14's projects to its production facilities. Torrent Power's diversification also extends to manufacturing and supplying power cables. The company's commitment to sustainable energy solutions is underscored by its initiative to expand solar power infrastructure, enhancing ARS's access to clean electricity.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

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