Winners announced for India’s first wind tender

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Winners announced for India’s first wind tender

Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.

India's Ministry of New and Renewable Energy announced plans for the tender in June last year.

The auction held in February drew record-low bids of INR3460 (US$53.4) per MWh. All the winners selected gave that price. Mytrah Energy India Pvt Ltd, Green Infra Wind Energy Ltd, Actis-backed Ostro Kutch Wind Pvt Ltd and the infrastructure arm of wind turbine maker Inox Wind Ltd have each been awarded 250 MW of capacity whereas Adani Green Energy MP Ltd won 50 MW.

With a 25-year power purchase agreements (PPA) with PTC India Ltd, the wind power plants will be connected to the inter-state transmission system (ISTS).

The selection of developers for the 1GW auction are:

Bidder's Name Bidder's Quantity (MW) Tariff (INR/MWh) Awarded capacity (MW)
Mytrah Energy India Private Limited 250 3460 250
Green Infra Wind Energy Limited 249.9 3460 249.9
Inox Wind Infrastructure Services Limited 250 3460 250
Ostro Kutch Wind Private Limited 250 3460 250
Adani Green Energy (MP) Limited 250 3460 50

Mytrah Energy and Green Infra are expected to set up projects in the state of Tamil Nadu, while Inox Wind and Ostro Energy will likely set up projects in the state of Gujarat. The companies will sell electricity generated to Power Trading Corporation of India, which will in turn sign power sale agreements with interested utilities across the country.

 

List of country news

Country news

  • April 12, 2017

    Sembcorp wins contract for a wind power project in India

    Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 MW in capacity.

    Read more
  • April 10, 2017

    World Bank Board Approves US$100 million for Large-Scale Solar Parks in India

    The World Bank Board has approved US$100 million to help India increase its power generation capacity through cleaner, renewable energy sources.

    Read more
  • March 29, 2017

    Siemens and Sumitomo Electric win order for transmission project in India

    A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India to supply a high-voltage direct current (HVDC) transmission system.

    Read more
  • March 10, 2017

    Power Finance provides loan for West Bengal`s first super critical project

    State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.

    Read more
  • March 09, 2017

    Inox Group to sell 260 MW wind portfolio in India

    Renewable energy firm Inox Renewables Ltd has announced it has agreed to sell its operating wind power farms to wind power company Leap Green Energy Pvt, majority-owned by JPMorgan Chase & Co.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.