India gets lowest wind tariff of Rs. 2.64 per kWh in second wind auction of 1000 MW

The wind tariff in India touched the lowest level of Rs.2.64 per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India yesterday. 
The tariff discovered is much lower than the first wind auction concluded at Rs. 3.46 per kWh in February this year, an official press release said.
With improving technology and reducing tariffs, the Ministry is not only confident of achieving the target of 175 GW by 2022 but exceeding it, the release said.
Against the 1000 MW capacity, SECI received 12 bids totalling 2892 MW capacity of which 9 bids with a cumulative capacity of 2142 MW were shortlisted for e-reverse auction. The auction started at 3 pm on 4 October and continued for over 13 hours. Five winners selected for total 1000 MW capacity wind power projects include ReNew Power for 250 MW projects quoting Rs.2.64/kWh, Orange Sironj for 200 MW projects quoting Rs.2.64/kWh, Inox Wind for 250 MW projects quoting Rs.2.65/kWh, Green Infra for 250 MW projects quoting Rs.2.65/kWh and Adani Green for 50 MW projects quoting Rs.2.65/kWh.
These wind projects are to be commissioned within 18 months from the date of issue of Letter of Award by SECI to successful bidders, the release added.
As per provisions of the scheme, additional 100 MW capacity can be allotted to Central Public Sector Enterprises (CPSEs) willing to undertake development of inter-state transmission system (ISTS) connected wind power projects at the lowest bid tariff of Rs.2.64/kWh, for which they have to submit their proposal within 30 days from the declaration of results of e-reverse auction, it said.
The power from these projects will be supplied to obligated entities for fulfilment of their non-solar RPO obligation at pooled price of capacity selected, it said.
After success of first wind auction resulted in discovery of record low wind tariff of Rs. 3.46 per kWh in February 2017, the Ministry of New & Renewable Energy sanctioned second wind auction scheme for setting up of 1000 MW ISTS connected Wind Power Projects on 4 May 2017. SECI issued bids on 30 May 2017 and bids were closed on 14 July 2017. Auction was earlier scheduled for 19 September 2017 and was postponed to 4 October 2017 as CERC order on the issue of grid connectivity that is being faced by the successful bidders in the first wind auction was awaited.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.