The Solar Energy Corporation of India’s (SECI’s) has ended its 1.2 GW inter-state transmission system-connected hybrid solar-wind tender under the Tranche-II.
India’s Adani Green Energy has submitted the lowest bid to install 600 MW of ISTS capacity at INR2.69 (US$0.0387) per kWh. ReNEw Power, on the other hand, secured 120 MW after launching a bid of INR 2.70 (US$0.0389) per kWh. The company bid for 300 MW of capacity but was awarded only 120 MW.
In February 2019, SECI has issued the tender for the development of 1.2 GW solar-wind hybrid power projects under tranche-II with a fixed rate of INR2.7 (US$0.0389) per kWh as the ceiling tariff at a build-own-operate (BOO) basis. Successful projects have to be commissioned 18 months after the signing of a power purchase agreement (PPA). The tender had been undersubscribed by 300 MW as bidders stayed away from the tender because of the aggressive tariff cap.
Country updates
-
-
May 24, 2019
India extends bid for 3 GW solar project tender
State-owned Solar Energy Corporation of India (SECI) has extended bids submission deadline for manufacturing-linked 3-gigawatt solar power tender till May 31, 2019. On April 22, SECI had extended the...
Read more -
May 22, 2019
InfraCo Asia, REIL to develop 12 MW biomass power plant in central India
InfraCo Asia has signed a joint investment and development agreement with Real Energy & Infrastructure Private Limited (REIL) to develop a 12MW biomass power plant in central India. The&nbs...
Read more -
May 22, 2019
Morgan Stanley in second close for its North Haven India Infrastructure Fund
Morgan Stanley has reached a US$104.25 million second close on its North Haven India Infrastructure Fund, bringing the fund’s commitments to date to US$404.25 million. The India-focused in...
Read more -
May 09, 2019
Greenam Energy launches construction of 24 MW floating PV project in India
Greenam Energy, the renewable unit of conglomerate AM International, is now working to deploy 24 MW worth of floating capacity at an industrial reservoir in the city of Tuticorin, on India’s sou...
Read more -
April 25, 2019
GAIL tops bid for 874 MW IL&FS wind portfolio sale
GAIL (India) Ltd has offered the highest bid in a competitive process to acquire an 874 MW wind farm portfolio in India from IL&FS Group. GAIL has made an offer of about INR48 billion (...
Read more
