02-10-21 Daily-Odisha-OPSC Current Affairs

The AREMHL has signed definitive agreements with the Essel Green Energy Pvt Ltd to acquire 100-per cent economic value in a special purpose vehicle (SPV) that owns the solar project in Odisha, the company said in a statement on Thursday.

The project has a long-term power purchase agreement (PPA) with Corporation of India (SECI) for `4.235 per unit with remaining PPA life of about 22 years, the company said.The closing of the transaction is subject to customary conditions. The acquisition of project is at an enterprise valuation of `219 crore. Managing Director and CEO of Adani Green Energy Ltd Vneet Jain said, We remain focused on opportunities that help us create value for shareholders as well as facilitate Growth of Environment-friendly green power in India. With acquisition of this project in Odisha, AGEL will now have its footprint across 12 States in India. We are on an expansion path that will make us worlds largest renewable player by 2030. With this acquisition, the AGEL would achieve a total renewable capacity of 19.8 gigawatts (GW). The total portfolio includes 5.4 GW operational assets, 5.7 GW assets under construction and 8.7 GW near construction assets.

Ministry of Social and Empowerment organises Vayo Naman Programme on the International Day of Older Persons, in honour of senior citizens, in New Delhi on 1 October.

Highlights:

Vice President M. Venkaiah Naidu is the chief guest of the programme and will present the Vayosheshtra Samman Awards.

The vice-chairman will dedicate the Elderly Help Line 14567 to the state and launch the Senior Able Citizens Reemployment in Dignity (SACRED) and Senior Care Ageing Growth Engine (SAGE) Portals on this occasion.