Undersubscription becoming a norm


03 September 2019 |

Two auctions were completed last week by SECI for a 1,800 MW wind tender and a 1,200 MW solar tender respectively. Both were heavily undersubscribed and received only two responses each: wind – CLP (250 MW) and Enel (300); solar – SB Energy (450) and GRT Jewellers (150). Final project allocations were made only for 441 MW (INR 2.83-2.84/ kWh) and 480 MW (INR 2.53-2.65/ kWh) respectively, less than one-third of the total tendered capacity. The two tenders had ceiling tariffs of INR 2.85/ kWh and INR 2.65/ kWh respectively.


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