SAEL Industries and Avaada Energy have been declared as the Lowest (L-1) bidders in Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to supply 500 MW of Solar power from intrastate grid-connected solar projects.
SAEL will supply 100 MW out of 500 MW at a tariff rate of Rs. 2.87 kWh. The remaining 400 MW will be supplied by Avaada Energy at a tariff rate Rs. 2.88 kWh. Power Purchase Agreement with SAEL Industries and Avaada Energy for 100MW and 400 MW respectively will be signed by MSEDCL for 25 years.