Gujarat to buy power from NLC's 600 MW Khavda solar project

New Delhi: Gujarat Urja Vikas Nigam Ltd (GUVNL) has signed an agreement with NLC India Limited's subsidiary to purchase power from its upcoming 600 MW solar project in Gujarat.

The subsidiary, NLC India Green Energy Ltd (NIGEL), has signed the power purchase agreement with GUVNL for the proposed Khavda Solar Park in Bhuj district.

PSU Watch is now on Whatsapp Channels. Click here to join

The entire power from the project will be procured by GUVNL at a tariff of Rs 2.705/kWhr (kilowatt hour), NLC India Ltd (NLCIL) said in a BSE filing.

The project is expected to generate 1,577.88 million units of green energy every year and 39.447 billion units on a cumulative basis over its lifetime, offsetting around 35.5 million metric tonne of Co2 emissions.

NIGEL Chairman Prasanna Kumar Motupalli said, "The project has the benefit of being established in a solar park with readily available infrastructure and with payment security for power sold."

The company claimed that the project will be the single largest solar project to be developed by NLCIL.

NLCIL, under Ministry of Coal, is into lignite production and thermal and renewable energy generation.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)