Sri Panchajanya Power Private Limited, a subsidiary of Hyderabad-based independent power producer Suryachakra Power Corporation Limited, has signed a power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Company Limited for setting up a 5Mw concentrated solar thermal power project at Hingoli.
The company has already submitted the required papers with the Union ministry of new and renewable energy for registration to get generating subsidiary, a press release on Friday said.
Sri Panchajanya Power is already in the process of setting up a 10Mw biomass power project at the Maharashtra Industrial Development Corporation at Hingoli, it added.
