India’s First Wind Power Auction: Developers Sign PPAs For 550 Mw Capacity

India’s First Wind Power Auction: Developers Sign PPAs For 550 Mw Capacity

Major wind power developers including Adani and Mytrah Energy today signed Power Purchase Agreements (PPAs) with Power Trading Corporation (PTC) for supply of 550 Mw power to states as part of India’s first wind power auctions scheme. The pacts were signed in the presence of power, coal, renewable energy and mines minister Piyush Goyal here.

“As per the PPAs signed, Mytrah Energy, Inox Wind and Ostro Kutch Wind would supply power of capacity 250 MW each. Further, Green Infra would supply 249.9 MW and Adani Green Energy 50 MW from their wind power projects through inter-state transmission system at a tariff of Rs 3.46 per unit discovered through open and transparent competitive bidding process,” the ministry of New and Renewable Energy (MNRE) said in a statement.

For these projects, Solar Energy Corporation of India (SECI) conducted e-reverse auction on in February this year and issued Letter of Award (LoA) to successful wind power developers in April. The wind power projects under first wind auction are likely to be commissioned by September 2018.

PTC India has tied-up this wind power for sale to power distribution utilities of various states. As part of the scheme, Uttar Pradesh would receive 449.9 MW, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW, Assam 50 MW and Odisha 50 MW for meeting their Non-Solar Renewable Purchase Obligation (RPO).

MNRE had sanctioned a scheme for setting up of 1,000 MW inter-state transmission system (ISTS)-connected Wind Power Projects on 14 June last year with the objective to encourage competitiveness through scaling up of project size and introduction of efficient and transparent e-bidding and e-auctioning process.

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Source Link – ET Energy World

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