IPGUPL and Punj Lloyd to develop a 20 MW solar plant in Uttarakhand

India Power Green Utility Private Limited (IPGUPL), a wholly owned subsidiary of India Power Corporation Limited, in partnership with Punj Lloyd will develop a 20 MW solar plant in Uttarakhand. The project will be executed in two phases of 10 MW each. IPGUPL has acquired a total stake of 49 per cent in PL Sunrays Power and PL Renewable, which are wholly owned subsidiaries of Punj Lloyd. PL Sunrays Power won the bid to develop 10 MW of solar capacity by quoting a tariff of Rs 5.99 per kWh and PL Renewable won 10 MW by quoting Rs 5.84 per kWh.

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