5 Victors in NHPC's 2 GW Solar energy Projects Tender

• 5 companies have actually been stated as champions in the just recently ended public auctions for the 2 GW ISTS linked solar projects tender by the NHPC.

5 companies have actually been proclaimed as champions in the just recently wrapped up public auctions for the 2 GW interstate transmission system (ISTS) linked solar projects tender by the National Hydroelectric Power Corporation (NHPC). SoftBank-backed SB Energy, Axis Energy Ventures India, O2 Power, EDEN Renewables, and also Avaada Energy are the 5 champions.

SB Energy, Axis Energy EDEN and also O2 Power all priced quote the similar L1 toll of Rs 2.55/ kWh in the public auction, with each being granted the complete estimated abilities they had actually sent propositions for under the tender. SB Energy won civil liberties to create 600 MW solar projects, Axis Energy won 400 MW capability, EDEN Renewables won 300 MW as well as O2 Power won 380 MW ability.

Avaada Energy which priced estimate a toll of Rs 2.56/ kWh was granted 320 MW capability. The company had actually sent a proposition for 600 MW ability, nevertheless, based upon the container dental filling approach, it was just granted 320 MW ability.

The tender had actually gotten technological quote entry worth 3.78 GW after 9 programmers consisting of ReNew Power, Tata Power as well as AMP Solar, had actually sent proposals.

In January, NHPC had actually expanded the due date for proposal entry for its tender for 2 GW of solar PV projects. The target date for proposal entries had actually been expanded up until January 10, 2019, with the techno-commercials quotes set up to be opened up on January 14, 2019. The initial tender due date was September 27, 2019.

Besides prolonging the target date for the tender, the firm had actually likewise modified the minimal toll payable to the project. Which had actually been boosted to Rs 2.78/ kWh from the Rs 2.65/ kWh. Originally, the NHPC had actually established a toll ceiling of Rs 2.95/ kWh nonetheless, in its first amendment that was provided in October 2019, the ceiling toll was changed to Rs 2.65/ kWh. The toll will certainly apply for 25 years.

The quantity of down payment down payment (EMD) had actually likewise been decreased from Rs 10 lakh/ MW of proposal ability to Rs 4 lakh/MW.

NHPC had actually mentioned that the interested prospective buyer might bid for projects at several places as long as each project has a minimal ability of 50 MW. Nevertheless, the prospective buyer was anticipated to price quote a solitary toll for the whole project capability provided.