State-owned NHPC Ltd on Friday (March 15) said it has won the bid to develop a 200 MW solar power project to be set up in the 1,125 MW RE Park of Gujarat State Electricity Corporation Ltd (GSECL) at Khavda in Kachchh district of Gujarat.
The project will generate about 473 million units of electricity in the first year of commissioning and the cumulative energy generation from the project over a period of 25 years would be about 10,850 million units.
NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of ₹847 crore, the company said.
The e-reverse auction for the project was conducted by Gujarat Urja Vikas Nigam Ltd on March 2, 2024, and the letter of intent was issued by it on March 14, 2024.
The project has been secured at a tariff of ₹2.66 per unit and will be completed in a period of 18 months, the company added.
Shares of NHPC Ltd ended at ₹82.97, down by ₹2.06, or 2.42%, on the BSE.
