NHPC Awards 250MW Rajasthan Solar Project To Apraava Energy

Highlights :

  • This is Apraava’s first greenfield solar power project from the auction route.
NHPC Awards 250MW Rajasthan Solar Project To Apraava Energy

The National Hydroelectric Power Corporation (NHPC) awarded a 250 MW Inter-State Transmission System (ISTS) connected solar energy project in Rajasthan to Apraava Energy. Apraava Energy, an integrated energy solutions provider, announced receiving the order today.

The project order through the e-reverse auction mechanism at a walk-out tariff of INR 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.

Commenting on securing the new solar project, Rajiv Ranjan Mishra, Managing Director of Apraava Energy, said, “We are excited to strengthen our solar energy portfolio with this win in Rajasthan, a pivotal state driving the growth of renewable energy in India. Apraava is committed to collaborating with our partners, ensuring that this project meets the best operational standards, and actively contributing to India’s ambitious carbon-neutral goals. We are optimistic about India’s vision for a sustainable future and will continue to explore similar opportunities.” 

The Power Purchase Agreement (PPA) between the NHPC and Apraava Energy is for 25 years from the scheduled commissioning date. As part of the agreement, Apraava Energy will be responsible for the project’s design, construction, and operation for the PPA tenure. The company’s current operational portfolio of RE (Solar and Wind) stands at 1312.6 MW, with projects spread across the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana and Karnataka. In addition, Apraava has ~660 MW of RE projects under construction. 

About Apraava Energy

Apraava Energy is an integrated energy solutions provider jointly owned by the CLP Group —one of the largest investor-owned power businesses in Asia and Caisse de dépôt et placement du Québec (CDPQ) —a global investment group.

Founded in 2002, Apraava has evolved from being a single-asset company to a forward-looking, climate-conscious organisation. Its portfolio comprises 3,150 MW of installed capacity, which includes 1062.6 MW of wind and 250 MW of solar energy projects, a 1320 MW coal-fired supercritical power plant, and two power transmission assets spread across 11 states. In addition, two greenfield transmission projects & two wind projects are under construction. The company has also forayed into Advanced Metering Infrastructure (AMI) business and is executing orders of ~3 million smart meters in Assam and Gujarat.

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