PVV Infra secures Rs 7.99 billion solar projects in Uttar Pradesh
PVV Infra Limited has won two solar power projects with a total investment of Rs 7.99 billion in Uttar Pradesh.
Its subsidiary PVV EVTech has signed a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency for a 100 MW solar project across Baghpat and Moradabad districts. The project, developed with Nacof Oorja, will cost about Rs 3.84 billion and is expected to generate annual revenue of around Rs 0.53 billion.
Another subsidiary, PVV Housing, has secured an engineering, procurement, and construction contract for a 109 MW solar project in partnership with Nacof Oorja. The project is valued at Rs 4.15 billion