Solar Energy Corp. of India Ltd (SECI) has allocated 900 MW out of the tendered 2 GW of wind-solar hybrid power projects, at an average price of INR 3.19 ($0.038)/kWh. NTPC Renewable Energy bid for 300 MW and won the capacity by quoting the lowest (L1) tariff of INR 3.15/kWh. Green Infra Wind Energy secured 450 MW and Juniper Green Energy 150 MW at INR 3.21/kWh each—as their quoted prices stayed within L1 tariff plus 2%.
The successful bidders will develop the projects on a build-own-operate (BOO) basis. The projects must connect to the interstate transmission system and can be located anywhere in India.
SECI will sign a 25-year power purchase agreement with the successful bidders. Power procured by SECI from these projects has been provisioned to be sold to the different buying entities of India.
(This article was amended on Jan 10, 2023 to read the allocated capacity as 900 MW in place of 800 MW.)
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