NTPC auctions 2 GW of solar capacity

A total of four companies won the bids for implementing 2,000 MW of grid-connected solar power projects. The bids had been invited by NTPC Limited in March 2018 and the tender had been oversubscribed by three times with bids amounting to 6,200 MW of capacity submitted in response to the tender.

ACME Solar Holdings Limited, Shapoorji Pallonji and Azure Power India Private Limited have won the bids to develop 600 MW, 500 MW and 300 MW, respectively by quoting Rs 2.59 per kWh. SB Energy Private Limited had submitted the bids to develop the entire 2,000 MW capacity, however, it has won the bid to develop only 600 MW. According to Mercom India, the tariffs quoted in this auction are about 5 per cent lower than the tariffs quoted in the NTPC’s recent 750 MW auction for solar projects in Ananthapuramu solar park.

As per the NTPC Limited, the solar PV plants can be set up anywhere in India on build, own and operate (BOO) basis.

Developer Capacity (MW) Tariff (Rs/kWh)
ACME Solar 600 2.59
Shapoorji Pallonji 500 2.59
Azure Power 300 2.59
SB Energy 600 2.60

 

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