Surana Solar Limited has been awarded a 54 MW (AC) solar power project by Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) under the Mukhyamantri Saur Krushi Vahini Yojna 2.0 scheme. The company announced that it received a Letter of Award for this project, which falls under the feeder-level solarization initiative as part of Component C of the PM-KUSUM Scheme.

The project, set to be located in Maharashtra, features a tariff of Rs 2.99 per kWh and a subsidy of Rs 1.03 crore per MW. Surana Solar is required to commission the project within 12 months of receiving the award, with the contract period spanning 25 years from the commissioning date.

The estimated cost of the project is Rs189 crore. MSEDCL will procure power from this initiative as part of the state’s efforts to implement feeder-level solarization, aligning with India’s broader goals of promoting renewable energy and enhancing rural electrification through solar power.

Surana Solar Limited, which is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), made this announcement in compliance with SEBI regulations.