NTPC Awards 1,050 MWp Solar Project to Avaada Energy

NTPC Awards 1,050 MWp Solar Project to Avaada Energy

Avaada Energy has secured a solar project of 1,050 megawatt peak through bidding. The auction was conducted by NTPC, a Renewable Energy Implementing Agency, Avaada Energy, as per the official statement.

Avaada Energy has won the single largest bid of 1,050 MWp solar project capacity in a recent tender issued by NTPC.

The company has secured the project at a tariff of Rs 2.69 per kWh, which is expected to be completed within 24 months of signing the 25-year Power Purchase Agreement, Avaada Energy said.

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With the latest project, Avaada has a portfolio of 15 GW projects including letters of award and PPAs in India.

Vineet Mittal, Chairman of Avaada Group, said, "We are incredibly proud to have won the single largest bid of 1,050 MWp from NTPC. Crossing over 15 GWp portfolio is a testament to our team's hard work, innovative approach, and dedication to excellence."

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