Apraava Energy Secures 300 Megawatt Wind Energy Project in Karnataka

• ByStartupStory     |    December 28, 2023

Apraava Energy, an integrated energy solutions provider, revealed its successful acquisition of a substantial 300 MW wind energy project situated in Aski, Karnataka. This accomplishment is part of the 1,200 MW auction capacity for Inter-State Transmission System (ISTS)-connected wind power projects, specifically Tranche-XIV, managed by the Solar Energy Corporation of India (SECI).

According to the company’s statement, the project’s construction will adhere to the agreed-upon timelines outlined in the Power Purchase Agreement (PPA), which spans 25 years. The tariff secured stands at a competitive rate of Rs 3.24/kWh.

As part of the contractual agreement, Apraava Energy assumes responsibility for multiple aspects, including land acquisition, wind farm development, and the establishment of grid infrastructure up to the metering point at the ISTS grid substation.

Apraava Energy also highlighted its extensive renewable energy (RE) portfolio, totaling 1,176 MW, encompassing projects across several states, including Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana, and Karnataka.

Rajiv Ranjan Mishra, the Managing Director of Apraava Energy, expressed his perspective on this achievement, stating, “This is our third wind project in the state of Karnataka, which offers tremendous opportunities for RE growth. With the rich experience of being early adopters of wind power generation in the country, coupled with expertise of working with marquee O&M partners, we aim to build the project with the highest operational standards.”

The company’s strategic focus on Karnataka reflects its recognition of the region’s promising potential for renewable energy expansion. Mishra’s remarks underscore the company’s commitment to leveraging their experience in wind power generation, alongside collaborations with reputable O&M partners, to ensure the project’s development adheres to the highest operational benchmarks.

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