KUALA LUMPUR: Yinson Holdings Bhd said a unit has secured the letter of award to develop 190MW grid-connected solar photovoltaic power project in Rajasthan, India.
Its 80% owned Rising Sun Energy (K) Pvt Ltd (RSEK) will enter into a Power Purchase Agreement (PPA) to supply 25 years of solar power generated electricity to NTPC Ltd.
Yinson said the contract was estimated to be valued at RM1.5bil. "Commercial operation of the Plant is scheduled to commence in April 2022," it said in a filing with Bursa Malaysia today.
The solar project is located about 30km away from Yinson’s existing 140MW Bhadla projects which are currently operated by its 95% owned subsidiary, Rising Sun Energy Pvt Ltd.