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Mytrah Energy wins 100 MW wind power project in Maharashtra

Power News - Published on Wed, 18 Jul 2018

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Economic Times reported that independent power producer Mytrah Energy has bagged a contract for setting up a 100-Megawatt wind power project from Maharashtra State Electricity Distribution Company Ltd through competitive bidding.

Six companies had participated in the reverse bidding collectively submitting quotes for a cumulative capacity of 821.8 Mw. The bidders were given a choice to reduce the quoted capacity during re-auction. During the e-auction, Mytrah quoted a tariff of INR 2.86 for 200 Mw capacity and won the bid for a capacity of 100 Mw to supply power to the discom.

Other winners in the e-auction included Adani Green Energy and KCT Renewable Energy Pvt Ltd, each with 75 Mw at a tariff of INR 2.85 per unit; Inox Wind with 50 Mw capacity; Hero Wind Energy Pvt Ltd with 75.6 Mw at INR 2.86; and Torrent Power which bid for 146 Mw but was awarded 124.4 Mw capacity at INR 2.87 per unit.

The auction was conducted to seek bids to procure 500 Mw wind power supply from bidders based on a tender issued on 21 December, 2017. MSEDCL issued the Letter of Award on 28 June, 2018, followed by the signing of Power Purchse Agreement (PPA) on 16 July. The project is expected to be commissioned within 18 months from the date of execution of PPA.

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Posted By : Nanda Koijam on Wed, 18 Jul 2018
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