SJVN’s tender for the selection of developers for 1.2 GW of solar projects anywhere in India has yielded an average tariff of INR 2.52 ($0.030)/kWh.
Acme Solar, Essar Renewables and SAEL Industries have secured 300 MW each at INR 2.52/kWh. Onward Solar won 100 MW. NTPC, which bid for 400 MW at a price of INR 2.53/kWh, was allocated the balance 200 MW.
The winning developers will set up the solar projects on a build-own-operate basis.
The projects can be located anywhere in India and must be connected to the interstate transmission system. SJVN will sign a power purchase agreement (PPA) with the successful bidders for the purchase of power for a period of 25 years. Power procured by SJVN from these projects will be sold to the different buying entities of India.
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