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
Infrastructure Energy

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Next Story
Infrastructure Energy

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..

Next Story
Infrastructure Transport

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?