Nava Limited has announced the commissioning of a 100 MW solar power plant by its step-down subsidiary, Maamba Solar Energy Limited (MSEL), in Zambia. The project marks a significant addition to the group’s renewable energy portfolio, with power evacuation from the plant to the Zambian grid already underway.
20-Year Power Purchase Agreement
MSEL has a 20-year Power Purchase Agreement (PPA) with ZESCO Limited, Zambia’s national power utility, for the entire power generated by the 100 MW solar power plant.
Strategic Significance
This commissioning represents a strategic milestone for the group’s formal entry into utility-scale renewable energy and broadening its business portfolio beyond its traditional core sectors. It reflects deliberate diversification strategy, positioning it to participate in the global shift toward clean energy, building a scalable platform for future renewable ventures across geographies.
Speaking of the milestone, Ashwin Devineni, MD&CEO of Nava Limited said, “The commissioning of our 100MW solar project in Zambia marks a defining step in Nava’s journey into renewable energy.
“This milestone reflects our commitment to sustainable growth and reinforces our vision of building a diversified, future-ready energy portfolio across geographies,” he added.
Nava Limited (formerly known as Nava Bharat Ventures Limited) established in 1972 as an Indian Ferro Alloys manufacturer, is now a multinational company, operating in India, South East Asia and Africa. Nava produces and supplies over 200,000 tons of ferro alloys each year, operate power plants of 743 MW, in 2017 the company started investing in healthcare services. In 2010, the international assets grew to include Maamba Collieries, Zambia’s largest coal mine concessionaire, which has also led to the development of a 300 MW power plant in Zambia, in 2016. It has established its global footprints in countries like India, Zambia, Malaysia and Singapore. Nava corporate office is located at Hyderabad,(Telangana), India
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
