Avaada Energy secures 1,050 MWp solar project in NTPC auction
POWER & RENEWABLE ENERGY

Avaada Energy secures 1,050 MWp solar project in NTPC auction

Avaada Energy announced on Thursday that it has successfully secured a solar project with a capacity of 1,050 megawatts peak (MWp) through a competitive bidding process conducted by NTPC, a Renewable Energy Implementing Agency (REIA). This bid marks the single largest award obtained by Avaada Energy in the recent tender issued by NTPC.

The company has attained this project at a tariff rate of Rs 2.69 per kilowatt-hour (kWh). It is anticipated that the project will be completed within 24 months of signing the 25-year Power Purchase Agreement (PPA), as stated by Avaada Energy in a press release.

With the addition of this latest project, Avaada Energy's portfolio now encompasses 15 gigawatts (GW) of projects, inclusive of letters of award and PPAs across India. Vineet Mittal, Chairman, Avaada Group, expressed his pride in winning this significant bid, emphasising the dedication and innovation exhibited by the team, which has contributed to surpassing the 15 GWp milestone. (ET Energy)

Avaada Energy announced on Thursday that it has successfully secured a solar project with a capacity of 1,050 megawatts peak (MWp) through a competitive bidding process conducted by NTPC, a Renewable Energy Implementing Agency (REIA). This bid marks the single largest award obtained by Avaada Energy in the recent tender issued by NTPC. The company has attained this project at a tariff rate of Rs 2.69 per kilowatt-hour (kWh). It is anticipated that the project will be completed within 24 months of signing the 25-year Power Purchase Agreement (PPA), as stated by Avaada Energy in a press release. With the addition of this latest project, Avaada Energy's portfolio now encompasses 15 gigawatts (GW) of projects, inclusive of letters of award and PPAs across India. Vineet Mittal, Chairman, Avaada Group, expressed his pride in winning this significant bid, emphasising the dedication and innovation exhibited by the team, which has contributed to surpassing the 15 GWp milestone. (ET Energy)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code