Results announced for SECI’s 2 GW wind energy tender

In a recently concluded auction, SECI has allotted 970 MW of wind power generation capacity out of the 2 GW that was originally tendered for interstate transmission system (ISTS)-connected wind projects. The winning bidders were Vena Energy with a bid of Rs 2.99 per kWh and JSW Energy, the wholly-owned subsidiary of Sajjan Jindal led JSW Group, which submitted a bid of Rs 3.00 per kWh. While Vena Energy was awarded 160 MW, JSW Energy secured 810 MW. Besides these two winners, the only other bid was submitted for the tender by Inox Wind. The project was tendered under Tranche IX of the ISTS-connected wind projects, with bids being invited in March 2020. The winning bidders can set up projects anywhere in India on a build-own-operate basis. SECI will sign a PPA with the two developers for an offtake period of 25 years. SECI will further sign power sale agreements with entities interested in buying power.

GET ACCESS TO OUR ARTICLES

Enter your email address