NTPC and SolarArise declared winners in RUMSL’s solar auction for 450 MW capacity

NTPC Renewables and Talettutayi Solar Projects Nine (SolarArise) were announced as winners in the auction for 450 MW of solar projects conducted by Rewa Ultra Mega Solar Limited’s (RUMSL). The capacity will be set up at the Shajapur Solar Park in Madhya Pradesh. The lowest tariff of Rs 2.33 per kWhwas quoted by NTPC, which won a capacity of 220 MW at this tariff. In addition, it also won 105 MW at a quoted bid of 2.35 per kWh. Talettutayi Solar Projects Nine (SolarArise) won a capacity of 125 MW quoting Rs 2.339 per kWh.

The Rewa Ultra Mega Solar Limited’s (RUMSL) tender for 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh was oversubscribed by 5.8 GW.The total capacity of 450 MW comprises solar projects of 220 MW, 125 MW, and 105 MW capacity at the solar park. 15 bidders (13 domestic and two foreign)were shortlisted for the tender. These include ACME Solar Holdings, Aljomaih Energy and Water Company, Avaada Energy, Ayana Renewable Power, Azure Power, Beempow Energy, Luceo Solar, NHDC, NTPC Renewables, ReNew Solar Power, SJVN, SprngOjas, Talettutayi Solar Projects, Torrent Power, and TP (Tata Power) Saurya.

RUMSLinitially tendered 1,500 MW of grid-connected solar projects to be developed across the three solar parks in the state in 2018. However, due to central and state elections, the tenders were delayed. Later in 2020, RUMSL reissued the tender and split the capacity under three new first tender was for developing 450 MW of grid-connected solar projects at Shajapur Solar Park. The second tender was for 550 MW of solar projects at the Agar Solar Park, and the third tender was for 500 MW of solar projects at the Neemuch Solar Park. The entire capacity will be financed by The World Bank.

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