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Adani wins 3 Gw in 5 projects at Andhra Solar auction, NTPC gets 600 Mw

Lowest bid discovered at Rs 2.47/unit for 6.4 Gw tender

Topics
Adani Green Energy | solar power projects | renewable energy

Shreya Jai  |  New Delhi 

solar power, renewable energy, power, clean energy
The solar plants are planned to be built in the districts of Kurnool, Ananthapuramu, Prakasam and Kadapa.

ltd (AGEL) won five mega of 600 megawatt (Mw) each in the bidding held by Green Energy Corporation Ltd (APGEC) for awarding 6.4 Gw of ultra mega solar projects.

State-owned ltd won 600 Mw in the auction quoting the lowest tariff of Rs 2.48 per kWh (unit).

The lowest tariff discovered in the whole auction process was Rs 2.47 per unit by Torrent Power for a 300 MW solar project.

AGEL quoted tariff in the range of Rs 2.49-2.58 per unit for the five projects, winning half the capacity offered by the state.

The solar plants are planned to be built in the districts of Kurnool, Ananthapuramu, Prakasam and Kadapa.

The final award of the projects is subject to the outcome of a writ petition filed in the High court of

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In January, the High Court stopped the state from awarding the 6.4 Gw tender. The case was filed by Tata Power Renewable Energy, to quash the requests for selection (RfS) and draft power purchase agreements (PPAs) issued by APGECL.

The company has alleged that the terms of RfS and PPA are in contradiction to the Electricity Act, 2003.

Industry sources said the PPA by APGECL mentions that any dispute regarding the project would be settled by the state government, as against the norm of moving the State or Central Electricity Regulator.

The tender received significant investor interest despite the State government cancelling all prior contracts in 2019, citing high tariff and malafide intensions. Close to 24 submitted initial bids for the tender.

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First Published: Wed, February 03 2021. 20:02 IST
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