The delivery of solar modules and its spare parts have to be completed spanning over a nine-month duration. "We are equipped with the technology and have the bandwidth to contribute to multiple solar products across the country," Vinay Thadani, CEO and Director of Grew Energy, said in the statement.
The Governor of Arunachal Pradesh, Kalai Power Private Ltd (a subsidiary of the company), and THDC India Ltd (THDC) have inked an agreement in this regard on December 30, 2023. Under the pact, there will transfer of the development rights and associated physical assets, studies, clearances, designs and intellectual properties of the proposed 1,200 MW Kalai-II hydroelectric project located at the Lohit river basin of Arunachal Pradesh to THDC for an aggregate consideration of Rs 128.39 crore, subject to certain indemnities, representations and covenants, it stated.
The power generated from the project will be used by government entities, either directly or through discoms. The allocation of solar power from the project will be as per the power purchase agreement to be signed between SGEL and UPCL shortly, the statement added.
Juniper Green Energy has an existing portfolio of about 800 MW with an under-construction capacity of 435 MW and a development pipeline of more than 3000 MW of solar, wind and hybrid projects under various stages of development