Apraava Energy has been awarded a 250 MW interstate transmission system (ISTS) connected solar energy project, by NHPC Limited in Rajasthan.
The project, won through the e-reverse auction mechanism at a tariff of Rs 2.53 per kWh, is scheduled to be completed within 24 months. This is Apraava’s first greenfield solar power project from the auction route. The power purchase agreement (PPA) between the NHPC and Apraava Energy is for a period of 25 years, from the scheduled commissioning date. As part of the agreement, Apraava Energy will be responsible for design, construction and operation of the project for the PPA tenure.