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After solar auctions, Gridco wary of signing PPAs with L2 bidders

The installed solar power capacity in Odisha is 93 Mw but the state sources about 75 Mw from outside

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Barely two weeks into the maiden solar power auctions in Odisha, the state-owned bulk power trader, Gridco, is dithering on signing power purchase agreements (PPAs) with the successful bidders. Auctions for solar power of 200 Mw capacity in Odisha got an encouraging response at a time when developers were rattled by announcement of safeguard duty on solar equipment imports from China and Malaysia. But, for Gridco, the vexing issue is the wide difference between L1 and L2 bidders. Aditya Birla Renewables, an Aditya Birla Group company, emerged as the lowest bidder, quoting a ...