Avaada Energy, a subsidiary of Avaada Group has secured a 200 MW Solar project from Gujarat Urja Vikas Nigam Limited (GUVNL). The company has won this project through Tariff Based Competitive Bidding (TBCB).
Avaada Energy has quoted a tariff rate of Rs. 2.75 per KWh for this project. This upcoming project will generate 370 Million Units (MU) of electricity per year. Power Purchase Agreement (PPA) with Avaada Energy for 200 MW project will be signed by the GUVNL for 25 years.
Completion period of the project is 18 months and it will reduce approximately 3.44 lakh tonne of CO2 annually.