For sourcing captive power and reduce carbon footprint
Filatex India announced that under Gujarat's Hybrid Wind-Solar Power Policy 2018, the company has signed PPA and SHA on 27 July 2022 with FP Crysta Energy and FPEL Sunrise respectively, 100% subsidiaries of Fourth Partner Energy, to procure renewable energy from their hybrid wind-solar open access power project as a captive consumer.The Company will be required to invest Rs 10.35 crore for a 26% stake in the project to attain captive status. The PPA will be valid for a period of 25 years.
The Company will source 10.8MW of Wind and 10.8MWp of Solar, totaling to estimated 50 million units of energy annually. This will result in savings of Rs 10+ crores annually and reduce the carbon footprints of the company.
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