The Andhra Pradesh Green Energy Corporation (APGECL) has announced the results of its latest solar auction which allocated 6.4 GW of solar capacities spread across ten locations in the state. In the auction, Torrent Power emerged as the lowest bidder as it quoted a tariff of Rs 2.47 per kWh for a capacity of 300 MW which will be developed at the Kambadur Ultra Mega Solar Park located in Anantapuram district. The auction broke the record for the lowest solar tariff in the state with the previous low being recorded at Rs 2.70 per kWh in 2018.
Among other winners was NTPC Limited which one 600 MW of solar capacity at a tariff of Rs. 2.48 per kWh at the Chakrayapet Ultra Mega Solar Park in YSR Kadapa district. 600 MW at Kambadur Ultra Mega Solar Park in Anantapuram District was won by HES infra at a tariff of Rs 2.49 per kWh. Shirdi Sai Electricals quoted Rs 2.48 per kWh to develop 1.8 GW of projects across four locations in the state. The company also quoted Rs 2.49 per kWh to develop an additional 400 MW project at the Thondur Ultra Mega Solar Park in the YSR Kadapa district. Of the remaining capacity, Adani Green Energy won 2.4 GW of solar projects which will be developed in four solar parks in the state at a tariff of Rs 2.49 per kWh. The company also secured 600 MW at a tariff of Rs 2.58 per kWh at the CS Puram Ultra Mega Solar Park in the Prakasam district.
The tender for the current auction was floated by the APGECL in December 2020, to set up 6.4 GW of solar projects to supply power to agricultural consumers in the state and was oversubscribed by 8.5 GW.
However, Tata Power had appealed to the Andhra Pradesh High Court due to an issue with the bid documents. It claimed that the bid documents state that payment-related disputes for the plants will be taken up by the state government mechanisms instead of the electricity regulator, which is not legally tenable. Meanwhile, the High Court has ordered the state government not to sign any contract regarding the auction until further hearings on the matter. Letters of award will be issued after the case is resolved.