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Daily News Wrap-Up: NHPC’s Auction for 3 GW ISTS-Connected Solar Projects

Ministry proposes a procedure to verify the captive status of power projects

November 7, 2023

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Solairedirect Energy India (ENGIE), Avaada Energy, Hazel Hybren (Mahindra), Jakson, Sprng Energy, Green Infra Wind Energy (Sembcorp), Apraava Energy, and Hinduja Renewable Energy have won NHPC’s auction to develop 3 GW of interstate transmission system-connected solar power projects across India. Solairedirect won the total quoted capacity of 250 MW at a tariff of ₹2.52 (~$0.0303)/kWh. The rest of the winners, Avaada (1,000 MW), Hazel Hybren (300 MW), Jakson (400 MW), Sprng Energy (250 MW), Green Infra Wind Energy (300 MW), Apraava (250 MW), and Hinduja (250 MW) quoted ₹2.53 (~$0.0304)/kWh.

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