New Delhi: State-owned hydropower company NHPC Limited has won the bid to develop a 200 MW capacity solar power project to be set up in the 1,125 MW RE Park of Gujarat State Electricity Corporation Ltd. (GSECL) at Khavda in Kachchh district of Gujarat.
The project will generate about 473 million units of electricity in the first year of commissioning and the cumulative energy generation from the project over a period of 25 years would be about 10,850 million units, the Ministry of Power said.
NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of Rs. 847 crores, it added.
The e-reverse auction for the project was conducted by Gujarat Urja Vikas Nigam Limited on 2nd March, 2024 and the Letter of Intent has been issued by it on 14th March, 2024.
The project has been secured at a tariff of Rs. 2.66 per unit and will be completed in a period of 18 months.
