Ayana Renewable Power and NTPC Renewable Energy have won Maharashtra State Electricity Distribution Co. Ltd’s tender for the purchase of 250 MW of flexible and schedulable power from renewable sources with an energy storage facility. Each quoted the lowest tariff of INR 9/kWh (for non-solar generation hours) to win 150 MW and 100 MW, respectively.
As per the tender, the winning developers will set up renewable energy projects (solar, wind, hydro, or combination thereof) along with an energy storage facility to supply flexible and schedulable power on daily basis. The projects are to be installed on a built-own-operate basis.
The projects selected are eligible for two-part tariffs: Energy supplied during the solar generation hours at a flat price of INR 2.42/kWh and energy supplied during the non-solar generation hours at the tariff discovered through the tender. The applicable tariff under the power purchase agreement (PPA), comprising tariffs for both solar generation hours and non-solar generation hours, will be fixed for the entire term of the PPA.
MSEDCL may exercise the green-shoe option to allocate additional capacity of up to 250 MW to the successful bidder if it finds the discovered tariff to be economical.
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