NHPC Awards LoA for 400 MW ISTS-Connected Solar Projects

• NHPC has issued a letter of award (LoA) to a Solar Power Developer (SPD) for ISTS-connected solar projects for balance 400 MW ability in its 2 GW tender

NHPC, India's premier hydropower company which has actually expanded its portfolio to consist of solar energy organisation has introduced that it has actually released a letter of honor (LoA) to a Solar Power Developer (SPD) for interstate transmission system (ISTS) grid-connected solar photovoltaic (PV) projects for balance 400 MW set up capability out of 2000 MW that hurt by the firm.

Out of 2000 MW capability, NHPC revealed that it has currently released LoAs for 1600 MW capability throughout June 2020.

Formerly, NHPC had actually efficiently performed the e-reverse Auction for the 2000 MW ISTS-connected solar PV projects tender to be set up anywhere in India. As part of the LoA, NHPC will purchase the power produced from the suggested ISTS-connected project at tariffs of Rs 2.55/ system and 2.56/ system.

In April, we had actually reported that 5 companies had actually been stated as champions in the auctions for the 2 GW interstate transmission system (ISTS) connected solar projects tender. SoftBank-backed SB Energy, Axis Energy Ventures India, O2 Power, EDEN Renewables, and also Avaada Energy are the 5 victors.

SB Energy, Axis Energy EDEN and O2 Power all estimated the similar L1 toll of Rs 2.55/ kWh in the auction, with each being granted the full priced estimate capabilities they had submitted propositions for under the tender. SB Energy won legal rights to establish 600 MW solar projects, Axis Energy won 400 MW capability, EDEN Renewables won 300 MW and also O2 Power won 380 MW ability.

Avaada Energy which priced estimate a tariff of Rs 2.56/ kWh was awarded 320 MW capability. The firm had sent a proposal for 600 MW ability, however, based on the pail dental filling technique, it was only granted 320 MW capacity. The tender had gotten technological bid submission worth 3.78 GW after nine programmers consisting of ReNew Power, Tata Power and also AMP Solar, had actually submitted bids.

A lot more just recently, the firm had introduced that its board had authorized the proposition to foray right into the solar power organisation. "It is to inform that board of supervisors of NHPC Ltd in its conference held today ... has taken into consideration and accepted the proposition concerning diversity of business of the firm by the advancement of solar power projects as intermediary procurer with solar energy developers," a firm statement checked out.