Avaada Energy has secured a 280 MW solar project from Rajasthan Urja Vikas Nigam Limited (RUVNL). The company has won this project through Tariff Based Competitive Bidding (TBCB).
Avaada Energy has secured this project at a tariff rate of Rs. 2.62 per KWh. This upcoming project will generate 500 MU (Million Units) of electricity per year. Power Purchase Agreement (PPA) will be signed between the companies for 25 years.
This project has a completion period of 18 months and will reduce approximately 4.65 lakh tonne of Carbon Dioxide annually.