RattanIndia Solar wins 50 MW of Solar Project in Uttar Pradesh
At tariff of Rs 4.43/kWh plus a viability gap funding of Rs 75 lakh/MW in reverse e-auction conducted by SECI
March 16, 2016. By Moulin
RattanIndia Solar has announced that through its company RattanIndia Solar 2 Limited has won solar project of 50 MW capacity at Allahabad (UP) at a tariff of Rs 4.43/kWh plus a viability gap funding of Rs 75 lakh/MW in reverse e-auction conducted by Solar Energy Corporation Limited (SECI). Overall combined capacity of 440 MW was offered in this bid out of which 50 MW was for Allahabad. The land for the project will be provided by Uttar Pradesh Government.
“RattanIndia has solar projects of more than 240 MW that are spread across various states of India. All of our solar farms have fully acquired land. Over and above that we have about 600 acres of additional land bank under possession for development of solar projects. Majority of the solar power produced by our projects is being sold to central government entities like NTPC and SECI thus eliminating the risk of payments. We are poised to provide clean and green energy at a competitive price and thus firmly moving ahead on our path of becoming the largest solar company of India”, said Mrs. Anjali Rattan Nashier, CEO of RattanIndia Solar.
Earlier RattanIndia had won 70 MW of solar project in Rajasthan through NTPC and 40 MW of solar project in Maharashtra through SECI. The group is also implementing 10 MW of grid connected solar rooftop projects on CPWD buildings in Delhi and West Bengal which includes important government buildings like The Supreme Court of India and Krishi Bhawan.
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