Winners announced for NHPC’s 2 GW solar tender auction

SoftBank, Axis Energy Ventures India Private Limited, O2 Power, EDEN Renewables and Avaada Energy are winners of the 2 GW ISTS-connected solar projects auctioned by NHPC Limited. SoftBank, Axis Energy, O2 Power and EDEN quoted the lowest tariff of Rs 2.55 per kWh in the auction. They have been awarded capacities of 600 MW, 400 MW, 380 MW and 300 MW respectively. Avaada Energy, had placed bids for 600 MW, but was awarded 320 MW at a tariff of Rs 2.56 per kWh. The tender, which was issued in September 2019, was oversubscribed and had received bids from nine developers for a total of 3.78 GW. ReNew Power, SoftBank and Avaada Energy had placed bids for 600 MW each, Tata Power for 300 MW, O2 Power for 380 MW, Axis Energy for 400 MW, while AMP Solar, NTPC and EDEN had bid for 300 MW each.

GET ACCESS TO OUR ARTICLES

Enter your email address