HomeInsideAvaada Energy bags 350 MW solar power project from MSEDCL

Avaada Energy bags 350 MW solar power project from MSEDCL

Reader's Pick

Mumbai-based renewable energy producer Avaad Energy on June 25 said, “It has received an order to set up a 350 megawatt (MW) solar plant in Maharashtra.”

In a statement issued, Avaada Energy said, “It has received a letter of award (LoA) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to develop a 350 megawatt (DC) solar project in Maharashtra.”

“The energy will be supplied to MSEDCL under the power purchase agreement, valid for a period of 25 years from scheduled commercial operation date,” the statement added.

Speaking on the development, Vineet Mittal, Chairman of Avaada Group said, “Being the leading Renewable Energy company in India, we are making significant investments in innovative clean energy solutions with a focus on the solar energy sector. On the back of India’s green energy revolution led by Hon’ble PM Shri Narendra Modi, India will continue its exponential growth in its renewable energy (RE) sector.”

- Advertisement -

Adding to the statement, the company said, “The project is expected to be commissioned by January 2022.”

“The plant is expected to generate about 525 million units annually, which will help in reducing 4,98,750 tonnes of CO2 emissions annually,” it added.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Logistics 4.0: Creating a value chain through smart interconnected technologies

Businesses are keeping up with the changing digital environment to stay competi...

Budget 2022-23: Technology, SaaS, AI & ML Sector Reactions

Technology market reaction on Budget 2022-23: As Finance Minister Nirmala Sitha...

Key Challenges that lie ahead for the Cyber security industry

The global pandemic triggered a need for digitization. While this has many adva...