We own a 100MW solar park, which we consider an ancillary asset, supplies green energy to our assets in Bengaluru. It was commissioned in February 2018 and is located in Bellary district in Karnataka over 460 acres of land.
The plant has a capacity to generate 215 mn units p.a. A Power Purchase Agreement (PPA) has been entered into between Embassy Energy and our assets located in Bengaluru for secured offtake of its entire generation. These include Embassy Manyata, Embassy Golflinks, Hilton at Embassy Golflinks and Embassy TechVillage for a period of 25 years. Embassy Energy indirectly provides power to tenants in the park and its tariff is linked to the BESCOM tariff.