A 140 MW solar project is awarded to Hinduja Renewables

 A 140 MW solar project is awarded to Hinduja Renewables

A 140 MW solar project is awarded to Hinduja Renewables

According to a business release, the contract is a component of the Solar Tender Phase-XXII that GUVNL issued to choose solar power developers to establish 500 MW solar power projects anywhere in India.

This will probably rise to 280 MW as GUVNL may use the green shoe option to approve an extra 140 MW of capacity.

Gujarat Energy Development Corporation (GUVNL) awarded Hinduja Renewables a 140 MW solar power project on Wednesday.

According to a business release, the contract is a component of the Solar Tender Phase-XXII that GUVNL issued to choose solar power developers to establish 500 MW solar power projects anywhere in India.

Leading independent power producers participated in the tender, and Hinduja Renewables was one of the four winning developers, according to the release.

According to the statement, Hinduja Renewables has emerged victorious in the GUVNL procurement for the installation of 140 MW of solar generating capacity, with a tariff cost of Rs 2.64/kWh.

This will probably rise to 280 MW as GUVNL may use the green shoe option to approve an extra 140 MW of capacity.

"This is a welcome addition to the latest tenders we have won in various central and government tenders such as NHPC and GUVNL this year," said Sumit Pandey, CEO of Hinduja Renewables, in the announcement. Hinduja Renewables is collaborating with a Will do with this accomplishment." "The nation will soon possess a capacity exceeding 1.5 gigawatts.”