MNRE approves another 1,000 MW wind tender

Following the success of its first 1,000 MW wind auction that saw the wind tariff reaching Rs 3.46 per kWh, the MNRE has approved another 1,000 MW tender under its wind programme. An additional 100 MW capacity is also likely to be allotted to central public sector enterprises, which are willing to undertake the development of interstate transmission systems. These projects will be tendered on a build, own and operate basis. However, the allocation will be based on the lowest bid tariff recorded through reverse auction. SECI will be the implementing agency and sign 25-year PPAs with developers.

Meanwhile, the Power Trading Corporation (PTC) has signed Memoranda of Agreement with Uttar Pradesh, Bihar, Jharkhand, Delhi, Assam and Odisha discoms for the 1,050 MW of capacity allocated under the previous 1,000 MW wind tender. These discoms will buy wind power from PTC to meet their RPOs. According to an MNRE press release, Uttar Pradesh will buy 499.9 MW, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW, and Assam and Odisha will buy 50 MW each. The signing of the agreements completes the first auction process. Bidding was held in February 2017, in which five companies won the rights to set up 1,050 MW of wind capacity.