Apraava Energy secures 250 MW solar power project in Rajasthan from NHPC
Apraava Energy, a Mumbai-based integrated energy solutions provider, announced today that it has been awarded a 250 MW interstate transmission system (ISTS) connected solar energy project by National Hydroelectric Power Corp. (NHPC).
The project is located in the Indian state of Rajasthan.
Apraava Energy won the project through an e-reverse auction at a tariff of INR 2.53 ($0.030)/kWh.
The project is scheduled for completion within 24 months. It is Apraava’s first greenfield solar power project from the auction route.
Apraava Energy will supply the power generated at the plant under a 25-year power purchase agreement (PPA) with NHPC.
As part of the agreement, Apraava Energy will be responsible for the design, construction, and operation of the project for the PPA tenure.