Adani will supply electricity for Rs2.69/kWh for 25 years under a power purchase agreement and the project capacity is expected to be commissioned by 2022.
“Adani Renewable Energy Park (Gujarat) Ltd (AREPGL), a wholly-owned subsidiary of Adani Green Energy, had won bids for setting up 600 MW ISTS [inter-state transmission system] connected wind-solar hybrid power projects in a tender issued by SECI,” the company said yesterday in a filing to the Bombay Stock Exchange.
With the project, Adani’s portfolio of renewable generation capacity in India stands at 5.16 GW with 2.02 GW of operational projects and 3.14 GW in its development pipeline.
Last month, Adani’s Gujarat unit won the bid for setting up a 250 MW wind power project auctioned by SECI while Adani Green Energy (UP) commissioned a 50 MW solar project in Uttar Pradesh.
Headquartered in Ahmedabad, parent Adani Group has operational solar capacity of 1.2 GW with 810 MW under implementation. Besides PV plants in Punjab, Gujarat and Tamil Nadu, the company has also set up a 1.2 GW solar cell and module manufacturing unit in Mundra, Gujarat.
The company aims to install 10 GW of renewable generation capacity by 2022.