Avaada Energy said that Solar Energy Corporation of India (SECI) had awarded it a 280 megawatt renewable energy project.

The central government's nodal organisation for renewable energy project auctions is SECI.

"Avaada Energy has won the 280 MWp project under tariff-based competitive bidding carried out by SECI as a part of SECI's 2 GW ISTS (inter-state transmission system ) connected solar projects (Tranche XI)," the company said in a statement.

The bidding allows flexibility to Avaada Energy to set up the solar power project anywhere in India and supply green electricity on long term at a tariff of Rs 2.61/kWh (kilowatt hour).

The project will become operational within 18 months from the signing of power purchase agreement (PPA), it said.