The consolidated project bid was for setting up 3,000 MW Interstate Transmission System-connected Connected Solar Power Projects anywhere in India
Hinduja Renewables has secured a 250 MW solar project through a tariff-based competitive bidding process conducted by the state-owned hydropower company NHPC.
The company was awarded the project at a tariff rate of Rs. 2.53/kWh for a consolidated project bid to set up a 3,000 MW Interstate Transmission System Connected Solar Power Project anywhere in India. Hinduja Renewables was one of eight bidders for this capacity.
Sumit Pandey, the CEO of Hinduja Renewables, stated that this winning bid will allow the company to reduce carbon emissions equivalent to over 551,000 tonnes annually, furthering its goal of creating a multi-gigawatt portfolio of renewable projects. Hinduja Renewables is an independent renewable power producer and part of the Hinduja Group.