Hinduja Renewables declared a winner by NHPC for setting up 3000 MW Interstate Transmission System Connected Solar Power Projects in India – EQ
Mumbai : In a fiercely competitive bid involving 15 bidders, Hinduja Renewables was awarded by NHPC the tender for putting up a capacity of 250 Mw at the tariff rate of Rs. 2.53/kWh. The total consolidated project bid was for setting up a 3000 MW Interstate Transmission System Connected Solar Power Projects anywhere in India. Hinduja Renewables was one of the 8 winning bidders for the bid.
Commenting on the achievement, Sumit Pandey, CEO of Hinduja Renewables, stated, “With this winning bid, Hinduja Renewables would be able to reduce the carbon emissions equivalent of over 5,51,000 tons annually. Hinduja Renewables is well on its way to creating a multi-GW suite of renewables.”
About Hinduja Renewables:
Hinduja Renewables, part of the Hinduja Group, is an independent renewable power producer with a vision to be a leader in the sustainable energy ecosystem, through value-creating partnerships and innovative business models. It plans to grow through both organic and inorganic means in renewable energy and emerging sustainable energy technologies in distributed and utility segments.
Committed to India’s quest for leadership in sustainable energy and self-reliance, Hinduja Renewables is seeking opportunities in the convergence between energy and mobility. Areas of active exploration include hybrid renewable projects, energy storage systems, green hydrogen generation (or value chain), and offshore wind. Today, it operates a portfolio of solar power plants spread across the country and aims to grow to a multi-GW capacity in the next few years.
