Team Blitz India
Avaada Energy arm Avaada Inclean has inked a pact with Damodar Valley Corporation (DVC) to supply electricity from its 421 mw solar project in Gujarat.
The company is planning to set up a 421 mw solar photovoltaic power project in Gujarat, a statement said. Avaada Energy has signed a 25-year Power Purchase Agreement (PPA) with DVC.
The PPA was formally signed between Avaada Inclean Pvt Ltd, a wholly- owned subsidiary of Avaada Energy, and DVC at the latter’s headquarters in Kolkata. Vineet Mittal, Chairperson of Avaada Group, said: “After signing the agreement, Avaada Energy has become the first organisation in the country to enter into a PPA under the Power Ministry’s scheme for flexibility in generation and scheduling of thermal / hydro power stations through bundling with renewable energy and storage power.”
