The Indian company Rajasthan Urja Vikas and IT Services (RUVITL) has launched a tender for the development of 8 GW of solar capacity and 3.2 GW of coal-fired power capacity in the state of Rajasthan (western India), through a tariff-based competitive bidding process. Bids can be submitted until 24 June 2024. RUVITL will enter into 25-year Power Purchase Agreements (PPAs) with the selected bidders. The tender covers the purchase of solar and coal-based electricity. Bidders must obligatorily offer both capacities in their entirety.
At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW. India plans to increase its non-fossil fuel capacity to 500 GW. In 2023, coal still represented 53% of India’s capacity with over 266 GW and 72% of its power generation with 1,347 TWh.
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