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.
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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