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Avaada Energy Secures 280 MW Solar Power Project from SECI

Avaada Energy, a part of Avaada Group, has secured a 280 MW solar power project from Solar Energy Corporation of India (SECI). The company has won this project through Tariff Based Competitive Bidding (TBCB) at a quoted tariff rate of Rs. 2.61 per KWh.

The aforementioned project will be set up under SECI’s scheme for developing 2 GW Inter-State Transmission System (ISTS)-connected solar power projects in India (Tranche XI).

This project will be commissioned within a period of 18 months from the date of signing the Power Purchase Agreement (PPA).