NHPC has published the results of its 1.2 GW solar tender. The full capacity has been allocated to five bidders at an average price of INR 2.56 ($0.031)/kWh.
Essar Renewables won 300 MW by quoting the lowest tariff of INR 2.56/kWh. Jevargi Solar (Rays Power Infra) secured 200 MW and Onward Solar Power 50 MW at this price.
Avaada Energy has been allocated 350 MW and Mahindra Susten 300 MW, at INR 2.57/kWh each.
Developers selected by NHPC will set up solar PV projects on a build-own-operate (BOO) basis. The projects can be located anywhere in India and must connect to the inter-state transmission system
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