Hinduja Renewables Wins 250MW Solar Bid

08 Nov 2023 CW Team

Hinduja Renewables, a subsidiary of the Hinduja Group, has announced its successful bid for a 250 MW solar project through a tariff-based competitive bidding process conducted by the National Hydroelectric Power Corporation (NHPC). The project was awarded at a tariff rate of Rs. 2.53/kWh.

The project, part of NHPC's larger plan, involved a consolidated bid for setting up 3,000 MW Interstate Transmission System Connected Solar Power Projects anywhere in India. Hinduja Renewables was one of the eight bidders competing for the capacity.

Sumit Pandey, the CEO of Hinduja Renewables, expressed their commitment to environmental sustainability, stating, "With this winning bid, Hinduja Renewables would be able to reduce the carbon emissions equivalent of over 5,51,000 tons annually. Hinduja Renewables is well on its way to creating a multi-GW suite of renewables."

This successful bid is a significant step in Hinduja Renewables' journey to contribute to India's renewable energy landscape as an independent renewable power producer. The project not only enhances the company's renewable energy portfolio but also supports India's transition to clean and sustainable energy sources.

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