05 November 2019 | BRIDGE TO INDIA
Last week, SECI conducted auction for a 1,200 MW utility scale solar tender. The tender received bids for full 1,200 MW but the auction was completed for only 960 MW, equivalent to 80% of the bids received, as per the rules in place. ReNew, Avaada and UPC Renewables won 300 MW each at a tariff of INR 2.71/ kWh; Tata Power won the remaining 60 MW at INR 2.72/ kWh. The developers are free to locate projects anywhere in the country and seek inter-state transmission system (ISTS) connectivity.
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