NTPC Forced To Cancel 250 MW October 2017 Solar Auction

NTPC Forced To Cancel 250 MW October 2017 Solar Auction

NTPC has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff of ₹3.14 per unit.

The auction was held under the domestic content requirement (DCR) category, where the winning developer has to mandatorily source solar panels and modules from local manufacturers. It had to be cancelled because it would have fallen foul of WTO norms, sources close to the development said.

Ministry of new and renewable energy secretary Anand Kumar confirmed that the auction had been annulled. “We will do the tender again,” he said. “Maybe this time the winning tariff will be even lower.” NTPC did not comment on the matter. Read More…

Leave a Reply

Your email address will not be published.