INR 2.50/kWh Lowest Bid For 750 MW SECI Tender

• According to Mercom India Research, SECI's 750 MW solar tender for Rajasthan under Tranche-II has received INR 2.50/kWh as the lowest bid
• NTPC, Mahindra Susten, Hero Future Energies and Azure Power all quoted the same winning tariff to secure claim to 160 MW, 200 MW, 250 MW and 70 MW capacities
• In another tender issued in the country, HPGCL has invited bidders to set up 73 MW of total capacity in the state of Haryana

A 750 MW solar PV tender of the Solar Energy Corporation of India (SECI) has received the lowest bid at INR 2.50 ($0.0359) per kWh. The tender was launched in March 2019 with SECI fixing INR 2.68 ($0.039) per kWh as the ceiling tariff for the capacity to be established under the National Solar Mission's Tranche-II for the state of Rajasthan (see SECI Launches 750 MW Solar Tender For Rajasthan).

According to Mercom India Research, all winners quoted the same tariff and secured a total of 680 MW under the 750 MW tender. The tender was oversubscribed with 1.1 GW total bids coming in and 850 MW qualifying for techno-commercial round. Azure Power bid for 100 MW, but secured 70 MW. Other winning developers are the National Thermal Power Corporation (NTPC), Mahindra Susten and Hero Future Energies, which secured 160 MW, 200 MW and 250 MW, respectively.

Power generated from this capacity will be sold to Rajasthan Urja Vikas Nigam Limited (RUVNL) by SECI that will sign power purchase agreements (PPA) with the winners.

In the previous 750 MW auction for Rajasthan, Fortum Solar, ACME Solar, Palimarwar Solar House and Sitara Solar Energy all quoted the lowest tariff of INR 2.48 ($0.0349) per kWh against the tariff cap of INR 2.93 ($0.0427) per kWh (see Indian Solar Tariffs Go Down Again In 750 MW Auction).

Haryana issues solar tenders for 73 MW

The Haryana Power Generation Corporation Limited (HPGCL) has launched 2 separate tenders for 57 MW and 16 MW capacity. The tender for 57 MW capacity involves setting up 30 MW at new ash dyke area FTPS in Faridabad, 15 MW near ash dyke DCRTPP, Yamuna Nagar and 12 MW at WYC Hydel, Yamuna Nagar on build-operate-transfer (BOT) basis for a period of 25 years. It is an international competitive tender.

The broad scope of work involves design, engineering, construction, commissioning of the 57 MW capacity including operation and maintenance.

The other tender involves constructing 16 MW capacity in the form of 10 MW and 6 MW grid connected solar PV projects. The 10 MW project will come up in village Dhandlan, Block-Beri, Jhajjar district, while 6 MW plant is to be located at Chandpur village, Ballabgarh district in Faridabad, all in Haryana.

Last date for bid submission for both the tenders is July 17, 2019.

In February 2019, HPGCL issued expression of interest for 10 MW floating solar power plant for Rajiv Gandhi Thermal Power Plant in Hisar (see 10 MW Floating Solar Tender In Haryana).