RattanIndia Solar bags 50 MW solar project in Allahabad.

Rattan India Group firm RattanIndia Solar Ltd. has won solar project of 50 MW capacity at Allahabad in Uttar Pradesh.

'The project was won at a tariff of Rs. 4.43 per unit plus a viability gap funding of Rs 75 lakh per MW in reverse e-auction conducted by Solar Energy Corporation Limited (SECI) today,' the company said in a press release.

According to the statement, overall combined capacity of 440 MW was offered in this bid out of which 50 MW was for Allahabad. The land for the project will be provided by Uttar Pradesh.

'RattanIndia has solar projects of more than 240 MW spread across various states of India. All of our solar farms have fully acquired land. Majority of the solar power produced by our projects is being sold to central government entities like NTPCand SECI thus eliminating the risk of payments,' CEO of RattanIndia Solar, Anjali Rattan Nashier said.

Earlier, RattanIndia had won 70 MW of solar project in Rajasthan through NTPC and 40 MW of solar project in Maharashtra through SECI.

The group is also implementing 10 MW of grid connected solar rooftop projects on CPWD buildings in Delhi and West Bengal which includes important government buildings like The Supreme Court of India and Krishi Bhawan.

ET