KREDL Re-Tenders 650 MW PV

Karnataka’s KREDL Issues New Tender For 650 MW Grid Connected Ground Mount Solar PV Projects; The Capacity Was Originally Part Of 1.2 GW Tender  
08:04 PM (Beijing Time) - 14. April 2018
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KREDL has published information for re-tendering 650 MW PV of an earlier 1.2 GW tender in local newspapers. The RFP will be available for download from April 16, 201.8 (Photo Credit: TaiyangNews)

Key Takeaways

  • KREDL has re-tendered 650 MW of grid connected ground mount solar PV projects in the Indian state of Karnataka
  • This is part of the 1.2 GW tender it issued in January 2018; 550 MW of this was auctioned recently
  • The 650 MW capacity in this tender needs to be developed in 13 blocks of 50 MW each
  • Minimum capacity to bid for is 50 MW, the maximum is 650 MW
  • RFP may be procured on or after April 16, 2018; last date to submit RFP is May 10, 2018

After receiving a very unenthusiastic response to its 1.2 GW grid connected PV tender issued in January 2018, the Karnataka Renewable Energy Development Limited (KREDL) has re-tendered 650 MW. For the 1.2 GW capacity tendered, it received bids for only 550 MW, which it auctioned in March 2018 (see KREDL Auctions 550 MW).

Now, the agency has invited bids for the remaining 650 MW. These ground mounted solar PV projects are planned to be developed in 13 blocks of 50 MW capacity each. The minimum bid capacity is 50 MW, the maximum is for 650 MW. Winning developers will be selling electricity generated by their projects to the electricity supply companies of the state for a period of 25 years at tariffs determined in the process.

 The request for proposals is accessible on the e-procurement website www.eproc.karnataka.gov.in on or after April 16, 2018.

KREDL will be accepting bids for the tender until May 10, 2018. It has published the tender notification in local newspapers.

The 1.2 GW capacity will be located in the planned 2 GW Pavagada solar park in Karnataka (see 1.2 GW Of PV Tendered In Karnataka). The original idea was to have this capacity to be developed in 24 blocks of 50 MW each. But KREDL then auctioned 550 MW, of which ReNew Power won the maximum – 300 MW for the lowest tariff of 2.91 INR ($0.0447) per kWh. Avaada Power bagged 150 MW for 2.92 INR ($0.0448) per kWh and Azure Power won 100 MW for 2.93 INR ($0.0450) per kWh. KREDL is in the process of issuing letters of award (LOA) to the winners of this auction.

 Mercom India Research had blamed uncertainties surrounding the Indian solar industry, specially safeguard duties, for the lukewarm response to the 1.2 GW tender.

LOAs issued to winners of 640 MW PV

In a related development, KREDL signed PPAs for 640 MW of solar power projects auctioned in February 2018. A total of 860 MW was tendered. KREDL had auctioned 760 MW initially, but it had to cancel 100 MW which was planned to be auctioned under domestic content requirement (DCR) rules. It did not receive any bids for this 100 MW part. Moreover, a winner refused to develop the project it won for 2.94 INR ($0.045) per kWh. Hence the auctioned capacity was finally brought down to 640 MW.

ReNew Solar Power won the highest share of 160 MW, followed by ACME Solar winning 105 MW, while Asian Fab Tec Limited and Ekialde Solar Private Limited  won 95 MW each, among other winners. The full list of winners is available on KREDL website.

The state of Karnataka is currently the leading Indian solar state with 5 GW of cumulative installed capacity (see Karnataka Crosses 5 GW Installed PV Capacity).

 

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani