A total of four companies have won the bids for the development of 1,200 MW of ISTS-connected solar power projects (Tranche III). These are- ReNew Power, Azure Power, EDEN Renewable Cite and SBSR Power Cleantech Eleven (SoftBank).
ReNew Solar, Azure Power and EDEN Renewable won the bids for developing 300 MW capacity each by quoting Rs 2.55 per kWh, Rs 2.58 per kWh and Rs 2.60 per kWh respectively. SBSR Power had submitted bids to develop 600 MW capacity, however, it won the bids to develop 300 MW capacity by quoting Rs 2.61 per kWh. The bids were invited by SECI and it will sign a PPA with the successful bidders for a period of 25.
The projects will be developed on build, own and operate basis. The projects are to be inter-connection with the transmission network of the central transmission utility at voltage level of 132 kV or above.