New Delhi: NHPC Limited has bagged a 200 MW solar project which will be set up at Gujarat State Electricity Corporation's 1,125 MW renewable energy park at Khavda, in Gujarat.
The e-reverse auction for the project was conducted by GUVNL (Gujarat Urja Vikas Nigam) on March 2, 2024 and the Letter of Intent was issued on March 14, 2024, a company statement said.
The project was secured at a tariff of Rs 2.66 per unit and will be completed in a period of 18 months.
The project will generate about 473 million units in the first year of commissioning and the cumulative generation from the project over a period of 25 years would be about 10,850 million units.
The NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of about Rs 847 crore.
(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.)