India gets lowest wind tariff of Rs. 2.64 per kWh in second Wind Auction of 1000 MW
During the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, held on Wednesday, the wind tariff touched the lowest level of Rs. 2.64 per kWh.
The tariff discovered is much lower than first wind auction -- which was Rs. 3.46 per kWh -- in February this year.
Against the 1000 MW capacity, SECI received 12 bids totalling to 2,892 MW capacity.
From these, nine bids with a cumulative capacity of 2,142 MW were shortlisted for e-reverse auction.
The auction started at 3 pm on October 4 and continued for over 13 hours.
Five winners selected for total 1,000 MW capacity wind power projects included ReNew Power for 250 MW projects quoting Rs.2.64/kWh, Orange Sironj for 200 MW projects quoting Rs.2.64/kWh, Inox Wind for 250 MW projects quoting Rs.2.65/kWh, Green Infra for 250 MW projects quoting Rs.2.65/kWh and Adani Green for 50 MW projects quoting Rs.2.65/kWh.
These wind projects are to be commissioned within 18 months from the date of issue of Letter of Award by SECI to successful bidders, the Ministry said in its release.
As per provisions of scheme, additional 100 MW capacity can be allotted to Central Public Sector Enterprises (CPSEs) willing to undertake development of inter-state transmission system (ISTS) connected wind power projects at the lowest bid tariff of Rs.2.64/kWh, for which they have to submit their proposal within 30 days from the declaration of results of e-reverse auction, the release.
The power from these projects will be supplied to obligated entities for fulfilment of their non-solar RPO obligation at pooled price of capacity selected.
After the success of the first wind auction resulted in discovery of record low wind tariff of Rs. 3.46 per kWh in February 2017, the Ministry of New & Renewable Energy sanctioned the second wind auction scheme for setting up of 1,000 MW ISTS connected Wind Power Projects on May 4, 2017.
SECI issued bids on May 30, 2017 and the bids were closed on July 14, 2017.
Auction was earlier scheduled for September 19, 2017 but was postponed to October 4, 2017 as CERC order on the issue of grid connectivity that is being faced by the successful bidders in the first wind auction was awaited.
Image: MNRE/Twitter
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