Avaada Group, a green energy solutions provider, announced this week the inauguration of its 70 MW solar power project in Banda district of Uttar Pradesh by the state’s chief minister Yogi Adityanath.
The 70 MW Banda solar power project was completed in just 18 months with an investment of around INR 408 crore. This project, developed under open access scheme, will supply green energy to various industries. It provided employment to around 1,000 people during its construction.
Once operational, this solar project is expected to generate around 160 million units of renewable energy annually.
At the inauguration, chief minister of Uttar Pradesh, Yogi Adityanath, said the inauguration of the 70 MW solar power plant marks a significant milestone in the development of the Bundelkhand region. He noted that this project is a testament to the progress being made on the MoUs signed during the UP Global Investors Summit.
“As Avaada Group has shown great interest and fulfilled their commitment by establishing this solar power project, I am confident they will continue to explore and expand their efforts in the green energy sector within Uttar Pradesh. I also urge other organizations to seize the opportunities in our state’s renewable energy space and contribute to generating more employment for our people,” added the chief minister.
Vineet Mittal, chairman of Avaada Group, praised the leadership of the chief minister of Uttar Pradesh, and the state government’s good governance, investor-friendly policies, and commitment to transforming the state’s power sector.
“As the state continues to evolve and grow, I am proud to reaffirm Avaada’s commitment to Uttar Pradesh. We have established renewable energy plants across various districts, including a 50 MW solar project in Badaun, a solar project at the Ordinance Factory in Kanpur, and, of course, this 70 MW project in Banda,” added Vineet Mittal.
“The success of Banda Solar Project would not have been possible without the unwavering support of the Government of Uttar Pradesh. The allocation of 70 MW connectivity by the Uttar Pradesh Power Transmission Corp. Ltd (UPPTCL), the facilitation of land permissions by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and the support in constructing the interconnection bay and transmission line have all been crucial in bringing this vision to life.”
Mittal revealed Avaada is developing two pumped storage projects with an aggregate capacity of 2,190 MW including 1,560 MW in Sonbhadra and 630 MW in Mirzapur districts of Uttar Pradesh, along with around 1,000 MW of solar power projects in Jalaun, Chitrakoot, and Lalitpur districts of the state, with an investment of around INR 20,000 crore.
Avaada Group specializes in renewable energy generation, solar PV manufacturing, and the development of green fuels such as green ammonia, green methanol and sustainable aviation fuel. The Group also offers cutting-edge energy storage solutions. Avaada Energy aims to reach an installed capacity of 11 GWp by 2026. Avaada has attracted significant international investments, including a commitment of $1.3 billion in 2023.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.