The Avaada Group has achieved debt closure of nearly $950 million for three utility-scale renewable energy projects under development in Rajasthan and Gujarat. The financing covers a firm and despatchable renewable energy (FDRE) project in Bikaner, Rajasthan, along with two 300 MW solar power projects in Rajasthan and Gujarat. The FDRE project has a long-term power purchase agreement (PPA) with SJVN Limited. Meanwhile, the Rajasthan and Gujarat solar projects are backed by PPAs with NTPC Limited and Solar Energy Corporation of India Limited respectively. The projects have secured loan funding from a consortium of domestic and international banks. All three projects are under construction and scheduled for commissioning during FY 2027-28.
LATEST
- [ July 24, 2026 ] Rethinking Container Manufacturing: Industrial ambition must follow logistics reality logistics
- [ July 24, 2026 ] IR approves construction of Nimpura West Outer Cabin-Midnapur Third Rail Line Project in West Bengal Railways
- [ July 24, 2026 ] PIB approves Noida Sector 61 – Greater Noida West Sector 4 Metro Project Urban Infrastructure
- [ July 24, 2026 ] Coastal Regulation Zone clearance granted to the Thane Metro Rail Project Urban Infrastructure
- [ July 24, 2026 ] Oriano commissions 112 MWp solar project for Hexa Climate in Maharashtra Power
- [ July 24, 2026 ] Suzlon secures 201.6 MW wind power order from Waaree Group Power
- [ July 24, 2026 ] Karnataka’s 200-acre semiconductor park near Bengaluru set for December 2026 launch Telecom
- [ July 23, 2026 ] Centre grants special status to three railway projects in Tamil Nadu, Andhra Pradesh, Karnataka Railways
- [ July 23, 2026 ] KPI Green Energy commissions 200 MW solar power capacity in Gujarat Power
- [ July 23, 2026 ] Kalpa Power and Lineage Power sign agreement for 100 MWh BESS Power
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE