SJVN’s second tender for the selection of developers to supply 1.2 GW of firm and dispatchable power from RE projects with energy storage systems has yielded a tariff of INR 4.25 ($0.051)/kWh.
Four developers won their bid capacity by quoting the lowest tariff of INR 4.25/kWh. These included Juniper Green (200 MW), ReNew (150 MW), Ganeka Solar/Zelestra (140 MW) and Hero Future Energies (120 MW). The balance 590 MW was allocated to Avaada at INR 4.26/kWh.
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy. The projects are to be developed on a build-own-operate basis.
SJVN will enter into a 25-year power purchase agreement (PPA) with the successful bidders
The projects can be located anywhere in India and must connect to the interstate transmission system (ISTS).
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