NTPC has awarded 1.5 GW of solar capacity at prices in the range of INR 2.60 ($0.031)/kWh. Solarpack (Anboto Solar) bid for 300 MW and won this capacity at INR 2.60/kWh. Avaada secured 500 MW, the largest slice of the tendered capacity, at INR 2.65/kWh. Apraava Energy has been allocated 300 MW and ReNew 400 MW at INR 2.65/kWh each.
The winners will set up solar projects on a build-own-operate basis. The projects can be located anywhere in India and should connect to the interstate transmission system (ISTS).
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