Avaada Energy to Set Up Solar Plant Worth 350 MW in Maharashtra

The company has established a Letter of Award (LoA) to develop a 350 MW solar project in Maharashtra from MSEDCL," it said. The energy will be supplied to MSEDCL under a power purchase agreement from scheduled commercial operation date

June 26, 2020. By News Bureau

Avaada Energy has announced that it will set up a 350 megawatt (MW) solar plant in Maharashtra. The project has been awarded by Maharashtra State Electricity Distribution Company Ltd (MSEDCL), Avaada said in an announcement.

The company has established a Letter of Award (LoA) to develop a 350 MW solar project in Maharashtra from MSEDCL," it said. The energy will be supplied to MSEDCL under a power purchase agreement from scheduled commercial operation date. The project, which is expected to be commissioned by January 2022, would generate about 525 million units annually, it said.

However, the company did not disclose the value of the order. "At Avaada, we believe that business and sustainability go hand-in-hand. 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 Prime Minister Narendra Modi, India will endure its exponential growth in its renewable energy sector," Vineet Mittal, Chairman Avaada Group said.

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