Avaada Energy on Monday said it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. The project has been secured in an e-Reverse Auction process, Avaada Energy said in a statement. Avaada Energy has secured 820 MWp-hybrid-ISTS ( inter-state transmission system) capacity. This project was awarded by SJVN, the company said.
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Vineet Mittal, Chairman of Avaada Group, said, "This win strengthens our portfolio and underscores our dedication to supporting India’s transition to a sustainable energy future." The company did not disclose any financial details of the project. A hybrid project is a mix of solar and wind capacity.
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