Adani Green Energy secures five solar power projects in Andhra Pradesh

Adani Renewable Energy Holding Twelve Limited, owned by Adani Green Energy Limited (AGEL), has secured five solar power projects aggregating 3 GW in the nodding held by Andhra Pradesh Green Energy Corporation Limited for award of 6.4 GW of capacity. …

AGEL quoted tariff in the range of Rs 2.49-2.58 per unit for the five projects, winning half the capacity offered by the state. Each solar project has an installed capacity of 600 MW.. The solar projects will be set up in M Kambaladinne (Kadapa), Pendlimarri (Kadapa), Rudrasamudram (Prakasam), CS Puram (Prakasam) and Madibugga (Ananthapuram). NTPC Limited won 600 MW in the auction quoting the lowest tariff of Rs 2.48 per kWh. The lowest tariff discovered in the whole auction process was Rs 2.47 per unit by Torrent Power for a 300 MW solar project. To meet the agriculture sector demand, the government of Andhra Pradesh has planned to set up 10 solar power parks with a total capacity of 6,400 MW in the state.

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