Hero Future Energies bags solar power project from MP govt

Hero Future Energies (HFE) today said it has bagged a 38 MW solar PV project from the Madhya Pradesh government.
Madhya Pradesh floated a 300 MW solar power bid this year. HFE was selected as the highest successful bidder in results announced today and has been allotted 38 MW, the company said in a statement.
The difference in the tariff quoted by HFE in this bid and the lowest tariff is about Rs 0.59, it added.
"Winning this bid shows our commitment in solar sector. I am happy to announce that HFE has landed the highest winning bid in Madhya Pradesh," HFE Managing Director Rahul Munjal said.

The company already has rooftop solar projects across multiple states namely Haryana, Punjab, Tamil Nadu, Karnataka and Maharashtra.
"This win will take us closer to our target of becoming one of the leading rooftop players in the country," Munjal said.
HFE CEO Sunil Jain said, "We continue to show our deep understanding of solar bidding to constantly win projects at viable VGFs and tariffs. We will continue to participate in all future bids including NSM (National Solar Mission)."
The company has presence in nearly 10 states with a total installed capacity of 260 MW as on date across wind, solar PV (grid connected) and rooftop solutions.