India Utility Auctions 421 Megawatt Solar Power Project
, Damodar Valley Corporation , a government-owned entity, has awarded rights to develop a 421 megawatt solar power project to a private company — Avaada Energy.
Avaada secured the project following a competitive auction organized by another government-owned company, REC Power Distribution Company Limited. Avaada quoted a tariff of Rs 2.70 per kilowatt-hour. The company must commission the project within 18 months of signing the power purchase agreement with DVC. It will supply power for 25 years. The project is expected to generate 750 million kilowatt-hours of electricity and offset almost 700,000 tonnes of carbon dioxide emissions every year.
DVC generates and distributes power to end consumers across multiple states. As a result, the company is bound to procure a predefined minimum percentage of power from renewable energy sources. In the last few years, the company has announced ambitious plans to increase renewable energy procurement. In September 2020, DVC announced that all its new power generation capacity would be based on solar power. It also announced plans to set up 1,776 megawatts of floating solar power capacity at its four hydropower projects located in the states of Jharkhand and West Bengal.a memorandum of understanding with SJVN, a government-owned hydro power generating company.
DVC is believed to have 7.2 gigawatts of hydro and thermal power capacity. According to media reports, it has retired at least 840 megawatts of aging thermal power capacity in the last five years.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
India To Speed Up Renewable Auctions, Tender 50 Gigawatts Every Year - CleanTechnicaIndia has once again announced ambitious plans to speed up auctions for renewable energy projects.
Baca lebih lajut »
Yo, Adrian: A Set of Old ‘Rocky’ VHS Tapes Sold for Over $53,000What's worth $53,000 and weighs a few pounds? A set of old 'Rocky' VHS tapes, apparently. 🥊📼 Rocky
Baca lebih lajut »
Montrose residents aren’t happy about a 100-foot ‘eyesore’ utility pole built in neighborhoodA large utility pole was installed in a Montrose neighborhood in February and residents...
Baca lebih lajut »
From water to cryptocurrency: The paradox of utility and market value
Baca lebih lajut »
Texans could see utility sticker shock from GOP push against renewable energyNew bills being considered in the Texas legislature that would shift the state’s power generation away from renewable energy and back toward natural gas could also drive up energy costs for consumers living in the state, threatening price pain on top of environmental consequences.
Baca lebih lajut »
NECA Reveals Batman 1989 Utility Belt Prop Replica Bundle SetBecome the Dark Knight with the help of NECA as they debut their new Batman 1989 Utility Belt Prop Replica Bundle that fans wont want to miss
Baca lebih lajut »