Adani Green Energy will own two solar power projects with a capacity of 74.94 MW in Telangana. Their value is Rs 446 crore. With Sterling and Wilson Company contracted to purchase these projects. Adani Green Energy is acquiring a 100 percent stake in two Special Purpose Vehicles (SPVs) set up to manage solar power projects. These projects were started in 2017 in Medak district. Southern Power Distribution Company of Telangana is buying power for these projects. Two or three days ago, Adani Green entered into an agreement with Skypower Global to purchase a 50 MW solar project in Telangana.
Adani Road Transport Project: Adani Road Transport has been awarded the contract to construct a 32 km four-lane road (NH-365A) from Kodhad to Khammam in Telangana. The project is valued at Rs 1,040 crore. The road will be constructed under a hybrid annuity policy. Construction will take two years.
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