星期一, 14 7 月, 2025
Home PV Companies India’s biggest coal producer secures first solar PPA

India’s biggest coal producer secures first solar PPA

In its maiden venture into solar power generation, state-run Coal India Limited will set up a 100 MW plant and sell the electricity produced to Gujarat Urja Vikas Nigam Ltd for 25 years.

Source:pv magazine

Coal India Limited, which accounts for around 80% of the country’s domestic coal production, has announced it has signed its first power purchase agreement (PPA) for the sale of solar electricity. The coal producer signed the PPA with state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell the power generated by the 100 MW solar plant for INR2.20/kWh for 25 years.

In its maiden venture into solar power generation, Coal India secured the 100 MW project in a 500 MW reverse auction conducted by GUVNL which also saw NTPC, Sprng Energy, and Tata Power’s TP Saurya allocated generation capacity at the same price.

With a capital investment of INR442 crore, Coal India will execute the 100 MW project through a solar engineering, procurement, and construction (EPC) contractor. In a back-to-back arrangement, the coal company had already issued the tender to finalize the EPC company. The project will be executed within a year from the date of placement of the work order, Coal India said in a statement.

The fossil fuel business is following counterpart NLC by entering the solar market.

Coal India Ltd (CIL) this month announced two new business units: CIL Solar PV and CIL Navikarniya Urja, with both intended to capitalize on the growth opportunities in solar. CIL Solar PV Limited will manufacture ingots, wafers, cells and modules.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...