Amp Energy, NHDC, and SJVN emerge as winners in RUMSL’s 600 MW floating solar auction

Aerial view of Floating solar panels or solar cell Platform system on the lake

The winners of Rewa Ultra Mega Solar Limited’s (RUMSL) auction for the 600 MW floating solar park in the Omkareshwar reservoir in Madhya Pradesh are Amp Energy, NHDC, and SJVN. RUMSL is a joint venture between Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited. Amp Energy was awarded 100 MW at a quoted tariff of Rs 3.21 per kWh, while NHDC was awarded 100 MW at a  quoted tariff of Rs 3.22 per kWh. SJVN was awarded the remaining 100 MW capacity at Rs 3.26 per kWh.  

Reportedly, the auction was for the 300 MW first phase of the project. The auction for the remaining 300 MW will take place soon. With 15 bidders shortlisted to participate in the bidding process, the tender received an overwhelming response. The auction included fourteen domestic and one foreign bidder. The 600 MW capacity comprised six units of 100 MW grid-connected floating solar photovoltaic projects which will be developed at predetermined sites around the Omkareshwar reservoir. The evacuation infrastructure for the projects will be provided by RUMSL. In November 2021, the tender was issued. 

In August 2021, RUMSL auction for 500 MW capacity at the Neemuch Solar Park in Madhya Pradesh saw TP Saurya, a Tata Power subsidiary, and AlJomaih Energy and Water Company emerge as winners. TP Saurya was awarded a capacity of 170 MW at a quoted tariff of Rs 2.14 per kWh, as well as a capacity of 160 MW at a rate of Rs 2.149 per kWh. Meanwhile, Aljomaih Energy and Water Company won 170 MW at Rs 2.15 per KWh.