February 29, 2024

Apraava Vitality baggage 250-MW photo voltaic mission

Apraava Vitality on Thursday stated it bagged a 250-MW photo voltaic power mission from state-owned NHPC Ltd.

The mission, received by way of the e-reverse public sale mechanism at a walk-out tariff of Rs 2.53 per kWh, is scheduled to be accomplished inside 24 months, an organization assertion stated.

Story continues beneath Commercial

That is Apraava’s first greenfield solar energy mission by way of the public sale route.

The interstate transmission system (ISTS) linked photo voltaic power mission has been awarded by the NHPC Ltd in Rajasthan, the assertion stated.

Rajiv Ranjan Mishra, Managing Director, Apraava Vitality, stated within the assertion, “We’re excited to strengthen our photo voltaic power portfolio with this win in Rajasthan, a pivotal state driving the expansion of renewable power in India.”

The Energy Buy Settlement (PPA) between the NHPC and Apraava Vitality is for a interval of 25 years from the scheduled commissioning date.

As a part of the settlement, Apraava Vitality shall be liable for design, building and operation of the mission for the PPA tenure.

The corporate’s operational portfolio of renewable power (photo voltaic and wind) stands at 1,312.6 MW, with tasks unfold throughout Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana and Karnataka.

Story continues beneath Commercial

Story continues beneath Commercial

As well as, Apraava has 660 MW of renewable power tasks under-construction.

Apraava Vitality is collectively owned by the CLP Group — one of many largest investor-owned energy companies in Asia and world funding group CDPQ (Caisse de dépôt et placement du Québec).