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Ravindra Energy Secures 62 MW Solar Project Orders from HESCOM Worth ₹225 Crore
Ravindra Energy Limited
January 9, 2026, 07:25 AM
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Ravindra Energy Limited (REL) has announced the receipt of 13 Letters of Award (LOA) from Hubli Electricity Supply Company Limited (HESCOM) for establishing, developing, and operating solar power projects with an aggregate capacity of 62 MW(AC) on a Build Own & Operate (BOO) basis. These projects will be situated within HESCOM's jurisdiction in Karnataka.
The Power Purchase Agreement (PPA) for these projects will have a term of 25 years from the Commercial Operation Date (COD). The average tariff agreed upon is ₹2.95 per unit. The projects are spread across 13 sub-stations of HESCOM.
The estimated project capital expenditure for these orders is approximately ₹225 Crore. The commissioning of the projects is expected within 12 months from the date of the Power Purchase Agreement. The entity awarding the contracts is a domestic entity, specifically a Karnataka Government-owned utility.
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