Tenders

BCD imposition impact: 21 paisa/ unit rise in solar tariffs in recent GUVNL 500 MW tranche XII auction  In the series of GUVNL (Gujarat Urja Vikas Nigam Limited) auctions, Rs 2.20/kWh bid of the GUVNL 500 MW Tranche XII auction became the second lowest winning tariff. The L1 bid had been quoted by 4 companies – Sprng Energy, NTPC, Coal India and TP Saurya (Tata Power’s wholly-owned subsidiary). This is about 11% more than the record-breaking tariff of Rs 1.99/kWh seen in…

Pure play solar developers participating in SECI’s 1200 MW wind tranche-X tender In Dec 2020, SECI (Solar Energy Corporation of India) had issued a Request for Selection (RfS) for setting up of 1200 MW ISTS-connected Wind power projects in India (Tranche-X). In this auction conducted by SECI in March 2021, Adani emerged as the lowest bidder by grabbing 300 MW capacity at L1 tariff of Rs 2.77/kWh. This is comparatively lesser than the previous auctioned lowest winning tariff of Rs 2.99/kWh seen in…

2021 witnessing upward solar tariff trends The tariffs discovered in the two most recent solar auctions by Torrent Power Ltd. (TPL) and NTPC Ltd. witnessed L1 tariffs at Rs. 2.22/kWh and Rs. 2.25/kWh, respectively. These are well above the ultra-low tariffs of Rs. 1.99 to 2 per kWh discovered in earlier SECI 1070 MW Rajasthan tender auction and GUVNL 500 MW solar tender auctions completed last year. Key reasons for this uptrend can be: Limited participation of international developers (Aljomaih,…

Latest 6.4 GW Andhra Pradesh solar auction saw uptrend in tariffs In an apparent recalibration in solar market dynamics, India’s largest solar auction of 6.4 GW by Andhra Pradesh Green Energy Corporation Limited’s (APGECL) registered lowest price (L1) of Rs. 2.47 per kWh by Torrent Power for 300 MW capacity. The L1 tariff is significantly higher than the record-low tariffs of Rs. 1.99 – 2 per unit, discovered in the previous auctions of GUVNL 500 MW Solar (Phase XI) auction…