Hinduja Renewables, an independent renewable power producer and part of the Hinduja Group, on Wednesday said it has won a bid to set up 140 megawatt (MW) solar power capacity in a tender issued by GUVNL at a tariff of Rs 2.64 per unit.
According to the official press release, this has a potential to increase to 280 MW as GUVNL might allow additional capacity of 140 MW by exercising the greenshoe option.
“This is a welcome addition to the recent tenders we have won this year across different central and state tenders such as NHPC and GUVNL,” said Sumit Pandey, chief executive officer, Hinduja Renewables.
He added that with this, the company will operate with a capacity of over 1.5 GW in India in the coming years and is on its way to set-up multi-gigawatt power capacity.
The award is part of the solar tender issued by GUVNL for selection of solar power developers for setting up 500 MW solar power projects in India. The company was one of the four winning developers under this tender.
