NTPC’s 1.2 GW solar auction has attracted the lowest tariff of INR 2.55/kWh from BPCL, which secured 150 MW of project capacity.
The procurement exercise saw 720 MW of the interstate grid connected capacity allocated for INR 2.55-2.60/kWh. Other successful bidders include ReNew Solar Power (300 MW), Illuminate Hybren (Mahindra Susten) 120 MW, Adyant Enersol (Datta Infra) 100 MW and Onward Solar Power 50 MW.
The winning developers will develop the projects on a build-own-operate basis. The projects can be located anywhere in India.
NTPC will sign a 25-year power purchase agreement with the developers.
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