Mahindra Susten Signs a 200 MW Solar Power Agreement with GUVNL

In a transformative stride towards a greener tomorrow, Mahindra Susten is set to develop 200 MW of solar capacity to supply electricity to Gujrat Urja Vikas Nigam Ltd (GUVNL). Moreover, the project can be developed anywhere across India, given that it links to the interstate transmission grid. 

In a visionary alliance, Mahindra Susten, a renewable power producer in the private sector, has penned a 25-year power purchase agreement with GUVNL for a cumulative solar capacity of 200 MW.

Affiliated to the interstate transmission grid, the project will provide electricity supply to GUVNL at a steady rate, averaging INR 2.72 ($0.033) per kWh. Mahindra Susten successfully obtained this capacity through GUVNL's 500 MW Phase XIX solar auction. They secured a winning bid for 100 MW and were additionally granted 100 MW through the greenshoe option.

The completion of this project is anticipated within 18 months. Upon its commissioning, it's projected to generate approximately 450 million units annually starting from the first year. Over a span of 25 years, the project is expected to generate over six billion units in total.