HFEL will develop the project through its special purpose vehicle (SPV) Clean Solar Power (Jodhpur) Pvt Ltd. The company had earlier won the 250 MW solar project by quoting a tariff of ?2.53 (~$0.03)/kWh in July 2018 under SECI’s 2 GW ISTS Program. The Power Purchase Agreement (PPA) for 25 years was signed with SECI in November 2018. The commissioning of the project is targeted by October, 2020. The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, has recently approved a $65 million loan for the project.

Location: Jodhpur Rajasthan

Estimated Value (Rs. Cr): NA

Sector: Solar Energy

Project Stage: Project Update