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Lowest bid in SECI’s tranche-VI wind auction hits INR 2.82/kWh - report

Power News - Published on Wed, 20 Feb 2019

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Renewables Now reported that a wind power auction in India targeting 1.2 GW of projects has received bids as low as INR 2.82 (USD 0.039/EUR 0.035) per kWh, Mercom Capital reports. The Tranche-VI auction was launched by the Solar Energy Corporation of India (SECI) in December 2018, with a cap of INR 2.85/kWh. The competition saw four project developers quoting the lowest tariff, while two developers bid for INR 2.83/kWh.

The following table shows the full list of winners, according to the report.
DeveloperAwarded capacity (MW)Tariff per kWh (INR)
Ostro Energy3002.82
Adani Renewables2502.82
Srijan Energy (Continuum)1502.82
Powerica Ltd50.62.82
Ecoren Energy1252.83
SB Energy (SoftBank)324.4 (600 MW bid)2.83

The lowest bid in the tender is above the INR 2.76/kWh reached in tranche V. One of the winning developers told Mercom that this is because of the lower land availability and the lack of government support for land procurement.
The winning Inter-State Transmission system-connected projects will be awarded power purchase agreements (PPAs) with SECI. According to a previous report by Mercom, some 2,325 MW of projects took part in the solicitation.

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Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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