+
Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh
POWER & RENEWABLE ENERGY

Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh

Avaada Energy and O2 Power were declared winners of the Rewa Ultra Mega Solar Limited (RUMSL) auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh.

Unit 1 Agar has a capacity of 200 MW, and Unit 2 Susner has a capacity of 350 MW.

Avaada Energy was awarded 200 MW at a price of Rs 2.459 per kWh, while O2 Power was awarded 350 MW at Rs 2.444 per kWh.

The Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited have collaborated to form RUMSL.

The Basic Customs Duty (BCD) has been factored into the bid, according to one of the developers.

To comply with the Approved List of Models and Manufacturers (ALMM) order, the company plans to import solar cells and assemble them in India. With this strategy, the BCD will now be 25%.

With land and evacuation infrastructure already in place, the RUMSL tender carries few risks. The counterparty also has a high credit rating.

The tender was then reissued by RUMSL in January of last year. The first tender for the 450 MW of grid-connected solar PV projects at Shajapur Solar Park was issued.

The second tender sought 550 MW of solar projects at the Agar Solar Park, and the third sought 500 MW of solar projects at the Neemuch Solar Park. The tender was later extended several times for bid submission deadlines.

The entire 1,500 MW capacity will be funded by the World Bank.

RUMSL had requested proposals from interested consultants for the establishment of solar parks in Madhya Pradesh in January 2020.

The International Bank for Reconstruction and Development will provide technical assistance to the Indian Renewable Energy Development Agency.

The solar parks proposed are divided into four clusters: Sagar, Damoh, and Chhattarpur in cluster 1, Morena in cluster 2, Ratlam, Neemuch, and Mandsaur in cluster 3, and Rewa and Satna in cluster 4.

Image Source


Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra

Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Avaada Energy and O2 Power were declared winners of the Rewa Ultra Mega Solar Limited (RUMSL) auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh. Unit 1 Agar has a capacity of 200 MW, and Unit 2 Susner has a capacity of 350 MW. Avaada Energy was awarded 200 MW at a price of Rs 2.459 per kWh, while O2 Power was awarded 350 MW at Rs 2.444 per kWh. The Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited have collaborated to form RUMSL. The Basic Customs Duty (BCD) has been factored into the bid, according to one of the developers. To comply with the Approved List of Models and Manufacturers (ALMM) order, the company plans to import solar cells and assemble them in India. With this strategy, the BCD will now be 25%. With land and evacuation infrastructure already in place, the RUMSL tender carries few risks. The counterparty also has a high credit rating. The tender was then reissued by RUMSL in January of last year. The first tender for the 450 MW of grid-connected solar PV projects at Shajapur Solar Park was issued. The second tender sought 550 MW of solar projects at the Agar Solar Park, and the third sought 500 MW of solar projects at the Neemuch Solar Park. The tender was later extended several times for bid submission deadlines. The entire 1,500 MW capacity will be funded by the World Bank. RUMSL had requested proposals from interested consultants for the establishment of solar parks in Madhya Pradesh in January 2020. The International Bank for Reconstruction and Development will provide technical assistance to the Indian Renewable Energy Development Agency. The solar parks proposed are divided into four clusters: Sagar, Damoh, and Chhattarpur in cluster 1, Morena in cluster 2, Ratlam, Neemuch, and Mandsaur in cluster 3, and Rewa and Satna in cluster 4. Image Source Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?