+
 Coal India enters maiden solar power purchase agreement
COAL & MINING

Coal India enters maiden solar power purchase agreement

India's coal producer, Coal India Ltd (CIL), has entered its maiden power purchase agreement (PPA) for the sale of solar electricity.

CIL has signed the PPA with Gujarat state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell the power generated by the 100 megawatt (MW) solar plant for Rs 2.20 per kWh for a duration of 25 years.

In its maiden venture into solar power generation, CIL secured the 100 MW project in a 500 MW reverse auction conducted by GUVNL, which also saw NTPC, Sprng Energy, and Tata Power's TP Saurya allocated generation capacity at the same price.

CIL will execute the 100 MW project with a capital investment of Rs 442 crore through a solar engineering, procurement, and construction (EPC) contractor.

In a back-to-back arrangement, the coal company had already issued the tender to finalise the EPC company. The project will be executed within a year from the date of placement of the work order, Coal India said in a statement.

The fossil fuel business is following its counterpart NLC India (formerly Neyveli Lignite Corporation Ltd), by entering the solar sector.

This month, CIL announced two new business units—CIL Solar PV and CIL Navikarniya Urja, with both intended to capitalise on the growth opportunities in the solar sector. CIL Solar PV Ltd will manufacture ingots, wafers, cells and modules.

Image Source


Also Read: CIL approves most capacity addition in a year

Also Read: Coal India’s import substitution drive with 17 power plants

India's coal producer, Coal India Ltd (CIL), has entered its maiden power purchase agreement (PPA) for the sale of solar electricity. CIL has signed the PPA with Gujarat state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell the power generated by the 100 megawatt (MW) solar plant for Rs 2.20 per kWh for a duration of 25 years. In its maiden venture into solar power generation, CIL secured the 100 MW project in a 500 MW reverse auction conducted by GUVNL, which also saw NTPC, Sprng Energy, and Tata Power's TP Saurya allocated generation capacity at the same price. CIL will execute the 100 MW project with a capital investment of Rs 442 crore through a solar engineering, procurement, and construction (EPC) contractor. In a back-to-back arrangement, the coal company had already issued the tender to finalise the EPC company. The project will be executed within a year from the date of placement of the work order, Coal India said in a statement. The fossil fuel business is following its counterpart NLC India (formerly Neyveli Lignite Corporation Ltd), by entering the solar sector. This month, CIL announced two new business units—CIL Solar PV and CIL Navikarniya Urja, with both intended to capitalise on the growth opportunities in the solar sector. CIL Solar PV Ltd will manufacture ingots, wafers, cells and modules. Image Source Also Read: CIL approves most capacity addition in a year Also Read: Coal India’s import substitution drive with 17 power plants

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?