Seshasayee Paper and Boards Limited (SPBL) will invest up to INR 16.56 crore in Navia One Power Private Limited, for the establishment of a 39 MWp wind-solar hybrid power generation facility in Tamil Nadu. The project will supply electricity exclusively to SPBL.
May 5, 2025
In order to meet its solar power and wind power requirements, Seshasayee Paper and Boards Limited (SPBL) has joined forces with Ganeko Solar Private Limited (GSPL) (the Indian subsidiary/affiliate of Zelestra Corporacion S.A.U, Spain) and M/s.Navia One Power Private Limited (SPV promoted by GSPL) to establish a 39 MWp wind-solar hybrid power generation facility in the state of Tamil Nadu, having solar capacity of approximately 33 MWP (DC)/22MW (AC) and wind capacity of approximately 6 MW.
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SPBL will invest up to INR 16.56 crore to acquire a stake up to 26.1 percent of equity share capital of Navia One Power Private Limited. The project will supply electricity exclusively to SPBL. The investment is expected to happen in Q1 of FY26.
