Gujarat to Buy Power from NLCIL's 600 MW Khavda Solar Project
By Rediff Money Desk, NEWDELHI Mar 06, 2024 14:06
Gujarat Urja Vikas Nigam Ltd (GUVNL) has signed an agreement to purchase power from NLC India Green Energy Ltd's (NIGEL) 600 MW Khavda solar project in Gujarat.
![Gujarat to Buy Power from NLCIL's 600 MW Khavda Solar Project](https://im.rediff.com/money/2011/oct/03energy1.jpg)
New Delhi, Mar 6 (PTI) Gujarat Urja Vikas Nigam Ltd (GUVNL) has signed an agreement with an NLC India subsidiary to purchase power from its upcoming 600 MW solar project in Gujarat.
The subsidiary, NLC India Green Energy Ltd (NIGEL), has signed the power purchase agreement with GUVNL for the proposed Khavda Solar Park in Bhuj district.
The entire power from the project will be procured by GUVNL at a tariff of Rs 2.705/kWhr (kilowatt hour), NLC India Ltd (NLCIL) said in a BSE filing.
The project is expected to generate 1,577.88 million units of green energy every year and 39.447 billion units on a cumulative basis over its lifetime, offsetting around 35.5 million metric tonne of Co2 emissions.
NIGEL Chairman Prasanna Kumar Motupalli said, "The project has the benefit of being established in a solar park with readily available infrastructure and with payment security for power sold."
The company claimed that the project will be the single largest solar project to be developed by NLCIL.
NLCIL, under Ministry of Coal, is into lignite production and thermal and renewable energy generation.
The subsidiary, NLC India Green Energy Ltd (NIGEL), has signed the power purchase agreement with GUVNL for the proposed Khavda Solar Park in Bhuj district.
The entire power from the project will be procured by GUVNL at a tariff of Rs 2.705/kWhr (kilowatt hour), NLC India Ltd (NLCIL) said in a BSE filing.
The project is expected to generate 1,577.88 million units of green energy every year and 39.447 billion units on a cumulative basis over its lifetime, offsetting around 35.5 million metric tonne of Co2 emissions.
NIGEL Chairman Prasanna Kumar Motupalli said, "The project has the benefit of being established in a solar park with readily available infrastructure and with payment security for power sold."
The company claimed that the project will be the single largest solar project to be developed by NLCIL.
NLCIL, under Ministry of Coal, is into lignite production and thermal and renewable energy generation.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...