SECI auctions 1,200 MW of ISTS-connected wind power projects under Tranche-V

A total of six companies have won the bids for implementing the 1,200 MW ISTS-connected wind power capacity (Tranche V) tendered by the Solar Energy Corporation (SECI’s). These are: Torrent Power Limited, Adani Green Energy Limited (AGEL), Alfanar Company, SITAC Kabini Renewables Private Limited, Ecoren Energy India Private Limited and ReNew Wind Energy (Karnataka two) Private Limited.

Torrent Power Limited and AGEL have won the bids to develop 115 MW and 300 MW capacities, respectively by quoting the lowest tariff (L1) of Rs 2.76 per kWh. Meanwhile, Alfanar Company, SITAC Kabini Renewables Private Limited and Ecoren Energy India Private Limited have won the bids to develop 300 MW, 300 MW and 175 MW respectively by quoting a tariff of Rs 2.77 per kWh. ReNew Wind Energy Private Limited had submitted the bids to develop 300 MW capacity, however, it has won the bids to develop 10 MW capacity by quoting a tariff of Rs 2.77 per kWh.

Developer Capacity (MW) Tariff (Rs/kWh)
Torrent Power 115 2.76
Adani Green Energy Limited 300 2.76
Alfanar Company 300 2.77
SITAC Kabini Renewables Private Limited 300 2.77
Ecoren Energy India Private Limited 175 2.77
ReNew Wind Energy Karnataka (two) Private Limited 10 2.77

Bids for the same had been invited by SECI in August 2018. Following which, the tender was oversubscribed with an aggregate capacity of 2,190 MW. The projects will be developed on build, own and operate (BOO) basis and the successful bidders will enter into power purchase agreements (PPAs) with SECI for a period of 25 years.  The scope of work involves setting up of the wind power projects as well as the transmission network up to the delivery point.

The L1 tariff quoted in this auction is Rs 0.01 per kWh less than the lowest tariff quoted in NTPC’s wind auction. Moreover, this tariff quoted in this auction is Rs 0.25 per kWh more than the L1 tariff of Rs 2.51 per kWh quoted in SECI’s recently concluded Tranche-IV of ISTS-connected wind auction.

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