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Home National Gujarat Ahmedabad

Hinduja Renewables wins 140 MW solar power project in GUVNL tender

by Nav Jeevan
1 year ago
in Ahmedabad, Breaking News, Business, Energy, Gujarat, National
Reading Time: 1 min read
0
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Hinduja Renewables wins 140 MW solar power project in GUVNL tender

NE photo

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  • This has a potential to increase to 280 MW as GUVNL may allow additional capacity 140 MW by exercising the Greenshoe option
  • The award is part of the Solar Tender Phase -XXII issued by GUVNL for selection of solar power developers for setting up 500 MW Solar Power Projects anywhere in India

NE BUSINESS BUREAU

MUMBAI, DEC 27

In a highly competitive bid, Hinduja Renewables has won a bid to set up 140MW solar power capacity in a tender issued by GUVNL at a tariff rate of Rs 2.64/kWh. This has a potential to increase to 280 MW as GUVNL may allow additional capacity 140 MW by exercising the Greenshoe option.

The award is part of the Solar Tender Phase -XXII issued by GUVNL for selection of solar power developers for setting up 500 MW Solar Power Projects anywhere in India. Hinduja Renewables was one of the 4 winning developers under this tender which saw a participation from leading IPPs.

Commenting on the achievement, Sumit Pandey, CEO of Hinduja Renewables, stated, “This is a welcome addition to the recent tenders we have won this year across different central and state tenders such as NHPC and GUVNL. With this achievement, Hinduja Renewables will operate with a capacity of 1.5+ GW in the country in the coming few years. Hinduja Renewables is well on its way to creating a multi-GW suite of power capacity.”

 

Tags: 140 MWGUVNLHindujainpowerprojectrenewablessolartenderwins
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