Four companies win bids for 750 MW grid-connected solar PV projects in Rajasthan

A total of four companies have won the bids for development of the 750 MW grid-connected solar photovoltaic (PV) power project (Tranche II) in Rajasthan. These include NTPC Limited (160 MW), Mahindra Susten (200 MW), Hero Future Energies (250 MW) and Azure Power Limited (70 MW).

NTPC Limited, Mahindra Susten and Hero Future Energies have won the bids for developing 160 MW, 200 MW and 250 MW capacities respectively by quoting Rs 2.50 per kWh. Besides, Azure Power Limited had submitted the bids to develop 100 MW capacity, however, it has won the bids to develop 70 MW capacity by quoting a tariff of Rs 2.50 per kWh.

The bids for the projects were invited in March 2019 and in response bids totalling 1,100 MW were submitted. However, only 850 MW of techno-commercial bids were qualified for the final round of the bidding process and now only 680 MW of solar capacity will be awarded.

Solar Energy Corporation of India Limited will sign power purchase agreements (PPA) with the successful bidders for a period of 25 years. The power procured from the projects will be sold to Rajasthan Urja Vikas Nigam Limited.

The project involves development of solar power plants with an aggregate capacity of 750 MW in the state of Rajasthan on build, own and operate basis. The plants should be designed for interconnection with the nearest substation of state transmission utility at the voltage level of 33 kV or above.

Developer Capacity (MW) Tariff (Rs per kWh)
NTPC Limited 160 2.50
Mahindra Susten 200 2.50
Hero Future Energies 250 2.50
Azure Power 70* 2.50

*the company bid for 100 MW but won 70 MW


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