Finnish Firm Fortum Wins Project in Pavagada Solar Park - Feedback

Finnish utility firm Fortum on Wednesday said it has secured a 100 MW solar power project from NTPC under an auction for 500 MW grid, which will connect solar photovoltaic (PV) projects in Karnataka’s Tumkur district.

Fortum has won a bid in reverse auction process conducted by NTPC on April 12, 2016, for the selection of 500 MW grid connected solar PV projects under Batch II Tranche I of JNNSM (Jawaharlal Nehru National Solar Mission) Phase II, the company said in a press release. According to the statement, Fortum secured 100 MW in this bid. The solar power plant will be built in Pavagada Solar Park in Tumkur District Karnataka with a fixed tariff of Rs 4.79 per unit for 25 years.

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