MNRE plays a dangerous game

SECI has cancelled 2,400 MW of the 3,000 MW solar tender for which an auction was completed about three weeks ago. Capacity was won by Acme (600 MW, INR 2.44/ kWh), Azure (300 MW, 2.64), Canadian Solar (200 MW, INR 2.70), Adani (300 MW, INR 2.71), ReNew (500 MW, INR 2.71) and SoftBank (1,100 MW, INR 2.71). All bids other than Acme’s have been rejected. This cancellation comes in the wake of other…

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