300 MW Wind PPA with SECI terminated; liquidated damages of ₹39.78 crore payable

300 MW wind PPA with SECI terminated.

Wed 7 Oct 2026

Project Capacity

300 MW wind power

Liquidated Damages Payable

₹39.78 crore

PPA Signed Date

May 04, 2023 (after Letter of Award of July 14, 2022)

What the update says

• Torrent Saurya Urja 2 Private Limited, a wholly owned subsidiary of Torrent Green Energy Private Limited, which is also a wholly owned subsidiary of the company, had entered into a long term Power Purchase Agreement for a 300 MW wind power project with Solar Energy Corporation of India Limited (SECI).
• The PPA was signed on May 04, 2023, after receipt of the Letter of Award from SECI on July 14, 2022.
• The project was materially impacted by Force Majeure events and delays in the readiness of external infrastructure, including transmission connectivity and operationalisation of GNA.

How the timeline played out

• SECI took note of the circumstances and granted extensions to the Scheduled Commercial Operation Date (SCOD).
• The period of extension progressively extended beyond a reasonable timeframe for implementation of the project under the framework of the PPA, particularly in view of the prevailing circumstances and the changed project environment.
• Considering the continued uncertainty regarding implementation (SCOD) of the project, the 300 MW PPA was terminated.

The financial item

• Pursuant to the applicable contractual provisions, liquidated damages of ₹39.78 crore are payable in connection with the termination of the PPA.

Numbers at a glance

• Project capacity: 300 MW of wind power.
• Liquidated damages stated as payable: ₹39.78 crore.

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