Torrent Power Limited has secured a Letter of Award (LOA) from Maharashtra State Electricity Distribution Co Limited (MSEDCL) for the establishment of a 306 MW Grid-Connected Solar PV Project in Nasik District, Maharashtra.

Maharashtra State Electricity Distribution Co Limited will procure power from the project as part of the Mukhya Mantri Saur Krushi Vahini Yojana 2.0, a program designed for the solarization of feeder levels under Component C of the PM KUSUM Scheme.

A dedicated SPV named MSKVY Ninth Solar SPV Limited has been formed in collaboration with MSEB Solar Agro Power Limited (MSAPL), to facilitate the project's development. Torrent Power is required to acquire 100% of the equity shares of the Project SPV.

The power utility company stated that MSAPL has identified suitable revenue land parcels and obtained necessary permissions in the name of the Project SPV.