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.”
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.