Avaada Energy secures renewable energy project from Solar Energy Corp India
Power Generation
Jul 25,2023
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.
Company :
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Avaada Energy
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Solar Energy Corporation of India
