Datta Power Infra Secures Rs 1,500 Crore for 500 MW Renewable Energy Projects

Datta Power Infra's subsidiary, Adyant Enersol, has signed an MoU with REC for Rs 1,500 crore to finance 500 MW of renewable energy projects. These projects, to be developed in Rajasthan, Madhya Pradesh, and Andhra Pradesh, aim to generate 800-900 million units of clean energy annually and will be completed within 18 to 24 months.

Datta Power Infra's subsidiary, Adyant Enersol, has entered into an agreement with state-owned REC for Rs 1,500 crore in financing to support the development of 500 MW renewable energy projects, the company announced on Monday.

According to a statement from Datta Power Infra Private Limited (DPIPL), the MoU was signed at the 4th Global RE-INVEST Summit in Gujarat. This funding will accelerate the company's renewable energy initiatives across multiple states.

The renewable energy projects, which will be set up in Rajasthan, Madhya Pradesh, and Andhra Pradesh, are projected to produce 800-900 million units (MU) of clean energy annually. Completion is expected within 18 to 24 months from the signing of the Power Purchase Agreement (PPA).

(With inputs from agencies.)