You are here: Home » News-IANS » Business-Economy
Business Standard

Common bidding for power projects not soon: Siemens

IANS  |  Chennai 

may not see power tariff auction for wind-solar hybrid projects or common bidding for power projects in near future, said a top of Siemens Gamesa on Thursday.

In recent times, the Central and state governments have been offering wind and solar power projects based on tariff auction, that is, to those who quote lowest power tariff.

Siemens Gamesa told reporters here that tariff auctioning may not happen for hybrid projects.

He said the state governments have to draft suitable tariff policy taking into account the costs involved in wind and solar parts of hybrid renewable power projects.

"Now existing wind farms are getting converted into hybrid power farms."

The also said that common bidding of projects regardless of the technology -- wind or solar or hybrid -- may not happen soon in the country as the field should first be levelled out.

He added that auctioning of wind power projects has started picking up.

Meanwhile, the Indian company's global parent Siemens Gamesa Renewable considers a very important market not only for selling wind turbines but also for sourcing components likes blades.

"is a major market for onshore wind power projects," Markus Tacke, of the Euro 11 billion revenue Siemens Gamesa Renewable Energy, told reporters.

He said will remain a key market for years to come.

According to Tacke, the global wind market dynamics are changing and so is

"Hence, it is imperative for us to respond to the market with more agility, better products and comprehensive digital intelligence which will set us to the path for strong profitable growth," Tacke said.

Kymal said the Indian company ships out windmill blades to and is the in

--IANS

vj/him/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 20:50 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU