NTPC Renewable Energy secured the largest slice of 300 MW by quoting INR 3.09 ($0.036)/kWh. Other winners at this price include Jindal India Renewable Energy (180 MW), Kolar Solar Power (Rays Power Infra) 150 MW, and ONIX Renewable 100 MW.
The balance capacity was allocated to ReNew Solar (300 MW) and Adani Renewable Energy (170 MW) at INR 3.10.
NHPC will sign a power purchase agreement (PPA) with the selected bidders for a period of 25 years. The solar power produced purchased by NHPC would be sold to the state utilities or any other beneficiaries.
The winning developers will build, own, and operate the projects, which can connect to the interstate transmission system from any location in India.
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