Adani Group bags bid to set up a 100 MW solar unit in Chhattisgarh

Parampujya Solar Energy, an arm of Adani Green Energy has bagged a bid to set up a 100 MW solar power unit in Chhattisgarh.

Parampujya Solar Energy sought the lowest viability gap funding (VGF) of Rs 59 lakh per MW among other bidders in the auction lead by SECI reports the ET.

SECI’s reverse auction reserve price is Rs 4.43/ unit. The Adani group company has to provide electricity at the price it bid.

VGF sought by Azure Power and Spectrum Coal and Power at the bid was of Rs 84 lakh and Rs 89 lakh, respectively.

Early this year at Solar Energy Corporation of India’s (SECI)’s tender for solar plants in Andhra Pradesh and Uttar Pradesh the winning auction tariff was of Rs 4.43 per kwH.