Breaking News

Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption

Coal India wins bid for solar power project in Gujarat

878976_1706337729_small.png
Renewables 27 Jan 2024 12:12 PM IST Economic Times

Coal India Ltd, a state-owned company, has emerged as the successful bidder for a Gujarat solar power project. "In the e-auction held on January 25, 2024, Coal India Limited bagged 300 MW capacity of Gujarat Industrial Power Corporation Ltd, RE park of 600 MW capacity at Khavda, grid-connected SPV Project," the company said in a statement.

GUVNL invited bids for 600 MW of grid-connected solar power projects at Gujarat Industries Power Company's (GIPCL) solar park in Khavda, Gujarat.

GUVNL and Coal India Ltd. will sign a 25-year power purchase agreement. The order must be executed within 15 months after the date of the power purchase agreement.

Coal India accounts for over 80% of domestic coal output. As a step towards diversification, the company is focusing on renewable energy, including solar.