Avaada

SECI Gets Bids Over 10 GW for Rajasthan 1785 MW Tender

Continuing the strong trend observed across all significant tenders since the last quarter, a source at SECI confirms that they have seen a very strong response to the tender for 1785 MW solar projects in Rajasthan. Without confirming the final list, the source tells us that bids have been received for almost 10 GW, and  […]

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Social Expert

The Social Expert will oversee the strengthening of social risk- and impact management practices within Avaada, with particular focus on land, migrant labour, indigenous peoples, community consultation, stakeholder engagement and implementation of CSR Plan in general. The Specific Tasks Cover the Following:- 1. Work with Avaada’s operational teams on daily project development activities; Correctly applying […]

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Cs- Asst Manager/Manager (only female)

To ensure good corporate governance practice within the organisation, compliance with statutory and regulatory requirements under various corporate laws and timely reporting to all stakeholders; and to ensure that decisions of the Board of Directors are implemented. Key Result Areas:- Design & Implement Corporate Governance policies of over 25 Indian companies and foreign companies Assisting […]

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Asst. Manager/ Manager Treasury

The candidate will be responsible to develop and manage strategies, operations and policies related to the treasury function, including cash forecasting and cash management, borrowing and payment processing. Professional Experience /Qualifications:- CA/ MBA /CFA with 10 years of experience in finance and treasury (CTP or CFA a plus) with a minimum of 4 years in […]

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Avaada Energy Receives $10 Mn in Funding From KfW Subsidiary

Avaada Energy, one of the leading green energy companies in India, has received USD 10 million in funding from DEG, a subsidiary of the KfW Group. Avaada Energy, one of the leading green energy and renewable energy companies in India, has received USD 10 million in funding from development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), […]

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CERC Order Against Avaada Energy in 100MW Project Leaves Key Issues hanging

Last Week, in an order dated January 13th , 2019 the Central Electricity Regulatory Commission (CERC) ruled against Avaada Energy in a petition it had brought against SECI (Solar Energy Corporation of India). The order, while dismissing a plea by Avaada to stay the cancellation of a PSA (Power Sales Agreement) it had with SECI […]

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Will ADITYA Succeed Where UDAY failed?

Based on the stories that have come out so far, the following aspects of the proposed new scheme to clear India’s discom mess have emerged. Called ADITYA (Atal Distribution System Improvement Yojana), the new scheme could be announced as early as February 1, with the union budget presentation. First, the scheme will reward performing discoms […]

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At Rs 2.71, Developers Hold Their Ground on SECI’s ISTS-VI Auction

In the latest auction for 960 MW of inter-state transmission system (ISTS-VI) connected solar projects, SECI has declared ReNew Power (300 MW) at Rs 2.71 /kWh, Avaada Energy (300 MW) at Rs 2.71 /kWh, Masaya Solar Energy (UPC Renewables) (300 MW) at Rs 2.71/kWh, and Tata Power (60 MW) at Rs 2.72 /kWh as winners. For […]

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