Hybrid tender will see reverse auction among two bidders


Hybrid tender will see reverse auction among two bidders

The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy and Softbank-backed SB Energy, competing for a cumulative capacity of 840 MW.

“We will go for the reverse auction between the two bidders,” Anand Kumar, secretary at the ministry of new and renewable energy (MNRE), told ET. “The capacity for reverse auction will be reduced by 20% of what has been subscribed,” he said.

The said tender had received tepid response from the industry, with only Adani Green Energy and SB Energy submitting bids during the techno-commercial stage due on November 20 .  Read More

Leave a Reply

Your email address will not be published.