Results for NTPC Limited’s auction to develop 1,500 MW of inter-state transmission system (ISTS) connected solar power projects, tranche I, have been announced. The tender for the project was issued in October 2023. The projects will be located anywhere in India. By quoting Rs 2.65 per kWh, Apraava Energy, Avaada Energy, and ReNew have won 300 MW, 500 MW and 400 MW, respectively. While Anboto Solar (Solarpack) has won 300 MW by quoting Rs 2.6 per kWh.
The winning developers are required to enter into power purchase agreement with NTPC for a period of 25 years and to maintain annual capacity utilisation factor ranging between 80 per cent and 120 per cent of the declared value. Furthermore, NTPC has mandated the use of indigenously manufactured solar modules listed in the Approved List of Models and Manufacturers.
Recently, in January 2024, results for NTPC Limited’s auction to develop 1,500 MW ISTS-connected wind-solar hybrid power projects were announced. The project will be located anywhere in India. By quoting Rs 3.35 per kWh, O2 Power and Sprng Energy have won 300 MW and 250 MW, respectively. ACME Cleantech Soutions and Juniper Green Energy have won 300 MW and 230 MW, respectively, by quoting Rs 3.36 per kWh. While Avaada Energy has won 24 MW by quoting Rs 3.37 per kWh.
In December 2023, NTPC Limited issued tender to select solar power generators for 1,500 MW ISTS-connected wind-solar hybrid projects, tranche IV, anywhere in India.
