Post July auction success, Odisha to invite bids for 550 Mw solar power

After tasting moderate success at its inaugural solar power auctions in July, the Odisha government aims to invite tenders for 550 Mw capacity in a month's span.

Gridco, the state-owned bulk power buyer cum trader, will float tenders for 300 Mw capacity. Bids for the residual 250 Mw will be invited by another state-controlled entity- Green Energy Development Corporation Ltd (GEDCOL) for developing solar parks on cluster mode.

“The auctions would be conducted on the reverse bidding mode. The chosen developer will have the discretion to select the location”, an official source said.

At the maiden solar power auctions, Gridco