Apraava Energy to Develop 300 MW Solar Power Project for NTPC
Apraava Energy Pvt. Ltd. has secured an order from NTPC Limited for developing a 300 MW solar power project in Rajasthan. According to Apraava Energy’s press release dated 12th Sepetmber 2024, this project is its largest solar power project till date.
Apraava Energy has won this project at a tariff rate of Rs. 2.65 per KWh in NTPC’s auction for setting up 1,500 MW of solar power projects in India. The company’s scope of work in this project includes developing, owning and operating the 300 MW solar power project. Apraava Energy has also signed a 25-year Power Purchase Agreement (PPA) with NTPC for this project. This project is expected to be completed within a period of 24 months.
Commenting on this order win, Mr. Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “We are excited to add our largest solar project to date into our growing renewable energy portfolio. Rajasthan is one of the strategic states, playing a pivotal role in achieving India’s clean energy goals”.
Earlier in January 2024, Apraava Energy had won its first solar project in Rajasthan.
Apraava Energy’s Renewable Energy (RE) operational portfolio (Solar and Wind) stands at about 1,420 MW. The company has projects across Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana, and Karnataka. In addition, Apraava has about 900 MW of RE projects under-construction.
