Kishor Nair Is New Chief Executive Officer Of Avaada Energy Updated On Wed, Apr 12th, 2023 by Saurenergy Avaada Group has appointed Kishor Nair as Chief Executive Officer (CEO) for its renewable arm Avaada Energy. Kishor has been with group since its inception and has risen through the ranks. Avaada Group claims to be India’s leading integrated energy group with business interests across the energy transition value chain. Avaada said that Nair has […] Read more
Avaada Energy Bags 421 MW Solar Project for Damodar Valley Corporation Updated On Fri, Apr 7th, 2023 by Saurenergy Avaada Energy, an arm of Avaada Group – an integrated energy enterprise with business interests across the energy transition value chain, has won the 421 MW (DC) ISTS-connected solar PV bid in an auction conducted by REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Ltd., on behalf of Damodar Valley […] Read more
CERC Quashes Avaada’s Plea for Extension of LTA Operationalisation Date Updated On Tue, Nov 22nd, 2022 by Saurenergy The Petitioners, Avaada Energy Private Limited (AEPL) and Avaada Sustainable RJ Project Private Limited (ASRJPPL), Petitioner have filed petitions against Central Transmission Utility of India Limited (CTUIL) to extend the start date of Long Term Access (LTA) granted to AEPL from 23.8.2021 to 12.5.2022. AEPL has stated that as per its letter dated 10.1.2022, it […] Read more
Avaada Plea on Waiver of Charges Due To Supply Disruptions Fails To Work With CERC Updated On Wed, Sep 14th, 2022 by Saurenergy In an order last week, the Central Electricity Regulatory Commission (CERC) has ruled against a plea by Avaada Energy on charging of transmission charges for a 240 MW project during the period of delay. Avaada Energy had made a plea asking for extension of the start date of Medium Term Open Access by the Central […] Read more
NTPC, Avaada Emerge Winners for MSEDCL’s 500 MW Solar Project Phase VIII Updated On Thu, Sep 8th, 2022 by Saurenergy The 500 MW grid-connected intrastate or interstate solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded NTPC Renewable Energy and Avaada Energy as the winners. 200 MW were awarded to NTPC Renewable Energy at a quote of Rs. 2.82/kWh. Avaada Energy requested 500 MW at Rs. 2.83/kWh, but was […] Read more
Avaada Group Signs MoU with Rajasthan Govt for Green Ammonia Plant Updated On Thu, Aug 25th, 2022 by Saurenergy Avaada Group, a Noida-based integrated energy enterprise, signed a Memorandum of Understanding with the Department of Industries and Commerce, Government of Rajasthan, on August 24. Through this collaboration, Avaada Group will set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan. According to the company, the MoU signed as part of […] Read more
APTEL Relief For Avaada From Transmission Charges Till Final decision From CERC Updated On Tue, Jul 19th, 2022 by Saurenergy In an interesting order, the Appellate Tribunal For Electricity (APTEL) has chosen to provide Avaada Energy relief from charges being claimed from transmission utilities for a project where it has been using Medium Term Open Access, instead of Long Term Open Access as mandated. The Issue Avaada had made both CERC (Central Electricity Regulatory Commission) […] Read more
Airtel acquires 9% stake in Avaada Clean for Rs 7.8 crore Updated On Fri, Mar 11th, 2022 by Saurenergy Bharti Airtel has acquired around a 9 per cent stake in renewable energy firm Avaada Clean TN Project, a special purpose vehicle formed for the purpose of owning and operating captive power plants, for about Rs 7.88 crore in an all-cash deal, according to a regulatory filing. Shares of Bharti Airtel advanced 2 percent in […] Read more
Avaada Issues Largest Tranche of AAA Rated Green Bonds for $192 Million Updated On Wed, Mar 2nd, 2022 by Saurenergy Avaada Energy, India’s leading solar project developer, today announced that it is raising green bonds for INR 1440 Cr (USD 192 million) in the Indian capital market at 6.75% making it India’s largest AAA rated Green Bond by any renewable energy developer. The bonds are certified by Climate Bonds Standard Board of the Climate Bonds […] Read more
