GPSC announces Avaada Energy's victory in winning a solar project with a capacity of 421 MW, pushing the production capacity in India to more than 5,000 MW. N" in Lao PDR. Signed with ADB money.
93% through Global Renewable Synergy Co., Ltd., one of the companies in the GPSC group, successfully won the bid for a solar power plant project. The system is connected to REC Power Development and Consultancy's (RECPDCL) 421-megawatt (DC) ISTS, the bidding organization for Damodar Valley Corporation (DVC), the Indian federal agency. It is another mega-project that the central government of India has given priority to. To push for more environmentally friendly energy use in the country.
winning this auction Selected from an e-Reverse auction bid, Avada bids at INR 2.70/kWh or (~USD 0.03) according to the auction conditions. Which will have to sign a power purchase agreement or PPA with a 25-year purchase agreement, with the project plan to be completed within 18 months, is expected to generate approximately 750 million units of electricity per year. able to supply electricity to cover approximately 500,000 households with clean energy It also plays an important role in reducing CO2 emissions into the atmosphere equivalent to 698,250 tons per year. This is considered a sustainable business development and is in line with GPSC's goal of increasing the company's share of renewable energy to more than 50% by 2030.
Mr. Niwat Adirek, Chief Executive Officer and President of BCPG Public Company Limited disclosed that BCPG is an indirect shareholder of Monsoon Wind Power Company Limited, the operator. "Monsoon" wind power plant project with a size of 600 megawatts in Sekong and Attapeu sub-districts in Lao PDR. It has signed a loan agreement with the Asian Development Bank (ADB) and the banks that support it through ADB. At the same time, the concession agreement for the use of the project area that has been signed with the Government of the PDR. Laos and the Power Purchase Agreement of the project signed with the Electricity Authority of the Socialist Republic of Vietnam (EVN) has been fully effective and the project is ready to receive the first loan according to the loan agreement. The power plant is under construction as planned, which the Company is confident that the construction will be completed. And will be able to start selling electricity to EVN in 2025 under a 25-year power purchase agreement with Vietnam Electricity for sure
Source: Thai News Agency
