Tenders

Solar tariffs rose by 21.6% in the latest MSEDCL 500 MW tender After a gap of 14 months, Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has conducted an e-reverse auction for the procurement of power from 500 MW inter/intra state grid-connected solar projects on a long term basis. The tender was floated in May 2021 with a commissioning timeline of 15 months; and 18 months for the projects located in and outside the solar park respectively. Also, the minimum requirement…

More than 12.3 GW of wind-solar hybrid tenders issued in India till date India has enormous potential for wind and solar energy. But, due to the intermittent and inconsistent nature of both solar and wind power, the Capacity Utilization Factor (CUF) for standalone solar and wind power plants is low. This issue can be partially resolved by blending the energy generated from the two sources as a hybrid system, improving CUF and ensuring greater reliability and grid stability. With a…

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…