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Avaada Energy Secures 250 MW Wind-Solar Hybrid Project from NTPC

Avaada Energy Pvt. Ltd., part of Avaada Group, has secured a 250 MW windsolar hybrid power project from NTPC Ltd. The company secured this project by quoting a tariff rate of Rs. 3.47 per KWh in NTPC’s auction to develop 1,000 MW hybrid power projects in India.

Avaada Energy’s project will be connected to Inter-State Transmission System (ISTS). Once operational, this project is expected to generate 800 million units of power annually. A 25 year-Power Purchase Agreement (PPA) will be signed between Avaada Energy and NTPC for this project.

This project is expected to be completed in a period of 24 months from the date of signing the PPA.