Schedule a Call Back
Avaada Energy wins 280 MWp in SECI’S ISTS-Connected Solar Projects Auction
Industry News- Aug 01,23
The company will supply solar power at a tariff of Rs 2.61 (~$0.032)/kwh, the highest tariff among other winners of the auction.
Avaada Energy, the renewable energy arm of Avaada Group – India's leading integrated energy transition group, has won the 280 MWp project under tariff based competitive bidding carried out by SECI as a part of SECI’s 2 GW ISTS-connected Solar Projects (Tranche XI). 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 (~$0.032)/kWh. Project will become operational within 18 months from the signing of Power Purchase Agreement.
This triumph follows an impressive track record in the last few months, wherein Avaada Energy won in multiple bids, securing capacities from GUVNL – 400 MW, DVC – 421 MW, RVPN – 280 MW.
Kishor Nair, CEO of Avaada Energy, said, “This is yet another jewel in our crown as we broaden and intensify our footprint in India. Our commitment to making substantial contributions to India's renewable energy sector remains unflinching. I am convinced that such audacious initiatives, born from collaborations with the government, will shepherd India towards a more environmentally conscious future. We perceive these strides as victories in our pursuit of a sustainable future"
Related Stories
Other Industrial Products
Calderys sets sustainability benchmark at Odisha refractories plant
Calderys advances its green goals with the CAPES project in Odisha, integrating solar power, water recycling, and emission controls to set a new benchmark in the refractories sector.
Read moreElectrical & Electronics
British International Investment takes 10% stake for $100 million in ReNew
The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. ReNew has 6.4 GW of module capacity and 2.5 GW of cell capacity. The cumulative capacity o..
Read moreElectrical & Electronics
Jupiter wins Rs 5 billion investment from ValueQuest to push solar manufacturing
Jupiter currently operates at a 1 GW facility in Baddi, Himachal Pradesh and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules.
Read moreRelated Products
Kusam-Meco Ultrasonic Thickness Gauge - Model - Km 131d
Electric Power Generation and Related Equipment
KUSAM-MECO”
has introduced a new Ultrasonic Thickness Gauge
Model KM -131D.
Kusam-meco Thermal Imaging Camera
Electric Power Generation and Related Equipment
Kusam Electrical Industries Ltd offers a wide range of Kusam-Meco” Thermal Imaging Camera - Model TG-305
Kusam-meco Industrial Infrared Thermometer
Electric Power Generation and Related Equipment
KUSAM-MECO has introduced a low cost low range Infrared Thermometer model IRL-180. It is suitable for both industrial & Human Body Temperature measurement. It is suitable for use in places wher Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
