Gridco to renegotiate tariffs with L2, L3 bidders for solar power projects

Gridco needs about 1,200 Mw for meeting its renewable purchase obligation

Unsettled by the wide differential between solar tariff prices quoted by L1 bidder (Aditya Birla Renewables) at Rs 2.79 per unit and other participants in the recently floated 200 Mw tender, Gridco, the state-owned bulk power trading firm, plans to renegotiate with L2 and L3 bidders. Gridco is even ready to go for retenders if the L2 and L3 bidders don’t agree to mellow their price quotes.

While Gridco is open to signing long-term PPA (power purchase agreement) with the lowest bidder, it is not keen to ink similar pacts with others as the quoted price is not attractive.

Three players —