Odisha Cancels 125 MW from its 200 MW Solar Auction as Bidders Refuse to Match Lowest Tariff


Odisha Cancels 125 MW from its 200 MW Solar Auction as Bidders Refuse to Match Lowest Tariff

The Grid Corporation of Odisha (GRIDCO) recently canceled 125 MW out of its recent auction conducted for 200 MW of grid-connected solar projects. The GRIDCO has now signed a 25-year PPA to develop the remaining 75 MWs with Aditya Birla Renewables.

The capacity was tendered by GRIDCO in April 2018 and was oversubscribed by almost four times. According to Mercom’s India Solar Project Tracker, in the auction, Aditya Birla Renewables had quoted ₹2.79 (~$0.0406)/kWh to develop 75 MW of solar capacity.

Sukhbir Agro bid ₹3.19 (~$0.0464)/kWh to develop 25 MW, Gupta Power quoted the same tariff to develop 20 MW. Eden Renewables quoted ₹3.19 (~$0.0464)/kWh to develop 50 MW and ACME Solar quoted a tariff of ₹3.20 (~$0.0466)/kWh to develop another 50 MW. Read More

Leave a Reply

Your email address will not be published.