Century Enka Limited

Century Enka Limited

Century Enka Limited has executed a Power Purchase Agreement (PPA) with ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle (SPV), for a 9.9 MW wind-solar hybrid power plant. This plant will supply power for captive consumption at Century Enka's Bhosari, Pune facility. The company is required to hold a minimum of 26% equity in ABRELCEL to qualify as a captive user, and the plant is scheduled for commissioning by 30th June 2027. The PPA is a related party transaction, confirmed to be at arm's length.

Century Enka Limited

Century Enka Limited has announced the execution of a Power Purchase Agreement (PPA) with ABREL Century Energy Limited, a Special Purpose Vehicle (SPV). This agreement is for setting up a 9.9 MW wind-solar hybrid power plant. The plant's purpose is to procure power for Century Enka's operations under a captive consumption mechanism. This move signifies the company's commitment to sustainable energy adoption, potentially leading to operational cost efficiencies and a reduced carbon footprint, which could be positive for investors.