Azure Power and Adani Green Energy Fifteen were declared winners in the Maharashtra State Electricity Distribution Company’s (MSEDCL’s) auction to procure 300 MW of power from grid-connected interstate and intrastate wind projects. Azure Power won a capacity of 180 MW at a quoted tariff of Rs 3.43 per kWh. Meanwhile, Adani Green Energy won a capacity of 120 MW with a quoted tariff of Rs 3.44 per kWh. MSEDCL issued the tender in August 2021, to meet its non-solar renewable purchase obligations (RPOs) and future power needs.
As per the tender guidelines, the winning bidders will finance the operation and maintenance of the transmission network up to the delivery point. Further, the winning bidder is also responsible for all approvals, permits, and clearances required for the project’s operation as well as those required from government and local organisations. The winning bidder may also execute the project using a special purpose vehicle prior to signing the PPA.
In October 2021, Azure Power received the letter of award (LOA) for its first wind project, which is a 120 MW ISTS-connected project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a quoted tariff of Rs 2.70 per kWh. Azure Power’s project is part of SECI’s 1,200 MW ISTS Tranche – XI tender and would be built in Karnataka within 18 months of the power purchase agreement’s execution (PPA).