Tenders

SECI 1200 MW Wind-Solar Hybrid (Tranche-III) auction creates new record of Lowest tariff at Rs. 2.41/kWh Following the issuance of the incumbent national framework – the Wind-Solar Hybrid Policy in 2018, India saw a succession of WSH (Wind-Solar Hybrid) tenders. Although there have been a few successful WSH tenders, many have received tepid responses which have led to either undersubscription or cancellation of these tenders. In a recent development, however, SECI 1200 MW ISTS, WSH (Tranche-3) auction saw oversubscription of…

NTPC 1.2 GW ISTS solar tender saw aggressive tariff of INR 2.43/ kWh Today, NTPC conducted the reverse auction of its 1.2 GW ISTS solar tender.  Last month, the tender received a good response with bids of about 1.7 GW of capacity. The tender auction was conducted today and it saw winning tariff of INR 2.43/kWh. The minimum CUF condition for this tender is 19% and the commissioning timeline is 24 months. Auction winners are O2 power (400 MW), Azure…

India saw historic low solar tariff of INR 2.36/ kWh   Today, Solar Energy Corporation of India (SECI) conducted its first reverse auction of a 2 GW solar tender under ISTS (Tranche IX) after a gap of four months due to the COVID-19 lockdown.  Earlier last week, the tender received an overwhelming response from the developers with bids for more than 4.3 GW of capacity. The reverse auction of this was conducted today and it saw a historic low winning solar…

Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender Solar Energy Corporation of India’s (SECI) tender for 2 GW of Interstate Transmission System (ISTS) connected Solar PV Project under tranche IX has received an overwhelming response from the project developers resulting into an over-subscription by about 2.35 GW. The tender received bids of total 4,350 MW solar capacity from 12 project developers. SECI floated this tender in the month of March 2020. But, due to COVID lockdown, its bid…