In a 560 MW solar project bid, Avaada Energy announced that it had been chosen to supply solar energy to the Maharashtra State Electricity Distribution Company.
Through a cutthroat offering process that incorporated an e-switch sell-off and a cited duty of Rs 2.88 per unit, the organization was granted the task. Our advancement in the power area has generally been driven by Maharashtra.
The industry's leaders will undoubtedly benefit greatly from its ambitious objectives and commitments to a greener future. "We consider this to be a tremendous milestone in our drive to convert the world into one that is eco-friendly and sustainable," stated Vineet Mittal, chairman of the Avaada Group.
According to the statement, the project will be finished in 18 months, and two parties will sign a power purchase agreement for 25 years. The plant is expected to produce 951 million units annually, resulting in an annual emission reduction of 8,85,563 tonnes of CO2 equivalent.
It can provide green energy to approximately 7 lakh homes. The Avaada Group is an integrated energy company with business interests throughout the energy revolution's entire value chain. Avaada Energy is a division of the Avaada Group.
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