New Delhi: Independent power producer Resolven has secured a 200 megawatt wind project from state-owned SECI.
The Inter-State Transmission System (ISTS)-connected wind capacity has been bagged at a competitive levelised tariff of Rs 3.85/kWh under a 2,000 MW wind tender.
The project will be executed under a 25-year Power Purchase Agreement (PPA) and is scheduled for commissioning by June 2028.
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Resolven CEO Parag Sharma said: "Backed by EQT's growth capital, we have the balance sheet strength and risk appetite to bid without compromising on tariff discipline or bankability. Multiple wind project wins with central REIAs in quick succession is proof of that strategy playing out."
REIA stands for Renewable Energy Implementing Agencies - the agencies that invite bids for renewable energy projects.
Resolven said that the project will be developed in Karnataka.
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With this latest addition, Resolven's under-construction pipeline now stands at 1.8 GW, and awarded is 2.7 GW while its operational capacity has reached 1 GWp.
