Apraava Energy has won its first greenfield solar power project through the auction route.
In a release, Apraava Energy announced that it has been awarded a 250-mw ISTS-connected solar energy project by Central PSU NHPC Ltd, in Rajasthan.
The project, won through the e-reverse auction mechanism at a tariff of Rs.2.53 per kwh, is scheduled to be completed within 24 months.
This is Apraava’s first greenfield solar power project from the auction route, the release said.
Contributing to national goals
Commenting on securing the new solar project, Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “We are excited to strengthen our solar energy portfolio with this win in Rajasthan, a pivotal state driving the growth of renewable energy in India. Apraava is committed to collaborating with our partners, ensuring that this project meets the best operational standards, and actively contributing to India’s ambitious carbon-neutral goals. We are optimistic about India’s vision for a sustainable future and will continue to explore similar opportunities in the future.”
PPA with NHPC
The power purchase agreement (PPA) between the NHPC and Apraava Energy is for a period of 25 years, from the scheduled commissioning date. As part of the agreement, Apraava Energy will be responsible for design, construction and operation of the project for the PPA tenure.
RE portfolio
The company’s current operational portfolio of renewable energy (solar and wind) stands at 1,312.6 mw, with projects spread across the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana and Karnataka. In addition, Apraava has around 660 mw of RE projects under construction.
Also read:Apraava Energy Signs MoUs With REC And PFC For Project Funding
Featured photograph relates to Apraava Energ’s 100-mw solar power project at Veltoor in Telangana.
