GRIDCO plans to renegotiate tariffs discovered in its 200 MW auction

The Grid Corporation of Odisha (GRIDCO) has made a tariff renegotiation request to all bidders to match the L1 price of Rs 2.79 per kWh for the 200 MW Odisha grid-connected solar PV project. As per GRIDCO, the renegotiation will be done due to the wide differential between solar tariff prices quoted by the L1 bidder and other participants. In March 2018 GRIDCO had invited bids for developing 200 MW of solar capacity in the state which was awarded to five companies in July 2018. These were Aditya Birla Renewables Limited (75 MW, Rs 2.79 per kWh), Sukhbir Agro Energy Limited (25 MW, Rs 3.19 per kWh), Gupta Power Infrastructure Limited (20 MW, Rs 3.19 per kWh), Eden Renewable Varenne Private Limited (50 MW, Rs 3.19 per kWh) and ACME Solar Holdings Limited (30 MW, Rs 3.20 per kWh). Reportedly, GRIDCO is currently purchasing power from SECI at a tariff of Rs 2.57 to Rs 2.81 per kWh. Thus, bids above Rs 3 per kWh will not be feasible for the corporation.

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