State-owned hydropower producer NHPC has concluded its Tranche-X 1.2 GW wind-solar hybrid tender with an average price of INR 3.41 ($0.039)/kWh.
Adani Renewable Energy has secured the largest slice of 600 MW at INR 3.41/kWh. Other winners at this price include Mahindra Susten (240 MW) and Sprng Energy (150 MW). Avaada was allocated 210 MW at INR 3.42/kWh.
NHPC will enter into a power purchase agreement with the successful developers for a period of 25 years.
The successful bidders will set up hybrid projects with or without energy storage on a build-own-operate basis to supply the contracted power. The projects can be located anywhere in India and must connect to the interstate transmission grid.
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