Tembo Global Industries announced it has secured its first power purchase agreement (PPA) from the Maharashtra government for a 124 MW solar project.
The project, with an estimated cost of Rs 5.95 billion, is expected to be completed within 18 months, the company said in an exchange filing.
This solar initiative will not only bolster the local energy supply but also create jobs and stimulate economic growth in the region. Tembo’s investment in solar energy strengthens its portfolio and solidifies its presence in the rapidly expanding renewable energy sector.