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“We understand that we are amongst the successful bidders in the e-Reverse Auction process conducted by NTPC for the ‘Selection of grid connected Solar PV projects under batch II tranche I of NSM phase II state specific bundling scheme in Bhadla Solar Park Phase II in Rajasthan for 70 MW’. However, based on the general procedure, Letter of Intent (LoI) shall be issued within 15 days from the completion of the reverse auction process and PPA shall be signed within 30 days after the LoI is issued. Hence, Fortum will be in a position to disclose more details once the company signs the PPA with a relevant authority in India.” Sanjay Aggarwal, Managing Director, Fortum India.
