Gridco may seek re-tender of 125 Mw solar capacity as bidders won't budge

Aditya Birla Renewables was lowest bidder in earlier tenders, with a quote of Rs 2.79 a unit; Gridco has been persuading L2 and L3 bidders to mellow their quotes, but to no avail

Gridco, the Odisha government-controlled bulk power procurer-cum-trader, has set its sights on fresh tendering of 125 Mw of solar power capacities.

The step could mean a setback to the maiden solar auctions conducted by Gridco, in which 200 Mw was offered with a green-shoe option embedded in tenders to ramp up capacity to 300 Mw. The tenders were oversubscribed by over four times and Aditya Birla Renewables emerged the lowest bidder with a price quote of Rs 2.79 per unit. But L2 and L3 bidders quoted higher tariffs, unnerving Gridco.

Gridco has been persuading the L2 and L3 bidders to mellow their