Solar Power projects achives financial closure

27 companies that won solar photo voltaic projects in the second round of bidding under the National Solar Mission have achieved financial closure, the nodal agency for the programme, NTPC Vidyut Vyapar Nigam Ltd (NVVN) disclosed.

These 340 MW worth of projects were won by these 27 companies last December in a tendering process of the Government of India, through the public sector NVVN. These companies had bid for projects of the size of their choice and the award was made on the basis of the price at which they offered to sell the power they would generate to NVVN

Source: The Hindu Business Line