PVV Infra Secures Rs 799 Cr Solar Orders In UP
Company to develop 209 MW across two projects, boosting its footprint in the state’s renewable energy sector
PVV Infra has secured two major solar power projects in Uttar Pradesh, collectively valued at Rs 799 crore, reinforcing its position in the state’s renewable energy sector.
The first project, a 100 MW solar installation, will be developed by PVV EVTech, a subsidiary of PVV Infra, under a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). Located in the districts of Baghpat and Moradabad, the project is estimated at Rs 384 crore and is expected to generate annual revenues of approximately Rs 53 crore.
The second project, a 109 MW solar facility, will be executed by PVV Housing Private Limited, another subsidiary, through an Engineering, Procurement, and Construction (EPC) contract in collaboration with Nacof Oorja. The project, also in Baghpat and Moradabad, carries an estimated value of Rs 415 crore.
PVV Infra’s board has approved a strategic expansion plan leveraging Special Purpose Vehicles (SPVs) to execute projects by geography and business vertical, a move aimed at improving operational efficiency and managing risks.
