https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Avaada Energy Wins 250 MW Solar-Wind Project at NTPC Auction

The next Power Purchase Agreement (PPA) with NTPC will last 25 years, with completion expected within 24 months.
Indian Masterminds Stories

Avaada Energy announced on Wednesday that it had obtained a 250 MW solar-wind hybrid power project in an auction held by NTPC Limited.

The project, which can be put up anywhere in India, would be linked to the Inter-State Transmission System (ISTS) network to ensure consistent energy transmission across regions, according to a company release.

NTPC had launched a tender for the selection of hybrid power generators to supply 1,000 MW of electricity via ISTS-connected wind-solar hybrid projects.

Avaada Energy won a key 250 MW capacity auction, offering a reasonable tariff of Rs 3.47 per kWh.

Following finalization, the next Power Purchase Agreement (PPA) with NTPC will last 25 years, with completion expected within 24 months.

After commissioning, the hybrid solar-wind power plant is estimated to create roughly 800 million units of renewable energy per year, considerably adding to India’s green energy supply and powering more than 5 lakh homes.

This initiative is projected to play a significant role in reducing carbon emissions, with an expected annual CO2 reduction of approximately 7,47,200 tonnes, aligning with India”s climate objectives.

Vineet Mittal, Chairperson of Avaada Group, said in the statement, “We are happy to further cement our position as a leader in the renewable energy sector with this 250 MW win in NTPC’s prestigious tender.”


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Himachal_Pradesh_resized
HP: IFS Deep Shikha Sharma Appointed Director of Census Operations & Citizen Registration Until 2025 - Know More!
IPS Anurag Gupta
Salary Blocked, Service in Question: Jharkhand DGP Anurag Gupta at the Heart of IPS Retirement Dispute - Details Inside
Nikhil-Pavan-Kalyan-IAS
Odisha: IAS Nikhil Pavan Kalyan Appointed Director of Census Operations & Citizen Registration Till 2025
MP
Historic First: Madhya Pradesh Cabinet to Meet in 137-Year-Old Pachmarhi Raj Bhavan, Pays Tribute to Tribal Hero
Untitled design (10)
BIG: India’s Economy Could Hit $30 Trillion by 2047, Says G20 Sherpa Amitabh Kant - But Will Need 500 Cities, 400 Airports to Get There
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
DMRC
DMRC Introduces Priority Frisking for Special Category Passengers - All Details Inside
Bank_Banking_news
SBI and Indian Bank Announce Key Changes in Senior Management - Check All Postings
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
WhatsApp Image 2025-05-28 at 18.56
Didn’t Clear UPSC But Found Something Greater: A Story That Will Change How You See Success
She left a top finance job for UPSC, did not clear but built a thriving wellness brand instead. Veda's...
Social Media
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
UPSC Latest IAS IPS IFS
UPSC CSE Prelims 2025 Tomorrow: ICLS Officer Altap Shaikh Shares Last-Minute Motivation for Aspirants
His five-post thread offers encouragement, practical advice, and emotional support - not just for those...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Himachal_Pradesh_resized
HP: IFS Deep Shikha Sharma Appointed Director of Census Operations & Citizen Registration Until 2025 - Know More!
IPS Anurag Gupta
Salary Blocked, Service in Question: Jharkhand DGP Anurag Gupta at the Heart of IPS Retirement Dispute - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT