Coal India Ltd Secures 300MW Solar Power Project

In the recent E-auction conducted on January 25, 2024, Coal India Limited emerged as the successful bidder, acquiring a 300 MW capacity in the Gujarat Industrial Power Corporation Ltd Renewable Energy Park. The park, boasting a total capacity of 600 MW, is situated at Khavda and is designated as a grid-connected Solar Photovoltaic (SPV) Project.

The procurement process was initiated by Gujarat Urja Vikas Nigam Limited (GUVNL), which invited bids for the development of 600 MW of grid-connected solar power projects in Phase XXI. These projects are slated to be established at the solar park owned by Gujarat Industries Power Company (GIPCL) in Khavda, Gujarat.

As part of the successful bid, Coal India Limited is set to enter into a Power Purchase Agreement (PPA) with GUVNL for a tenure of 25 years. This strategic move marks a significant step forward in Coal India's foray into renewable energy and aligns with the broader goals of promoting clean and sustainable power generation.

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