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Inox Wind bags 50 MW in Maharashtra auction

Press Trust of India  |  New Delhi 

provider Wind said today it has won 50MW in the state concluded recently at tariff of Rs 2.86 per unit.

"The bid was won at a fixed price of Rs 2.86/unit for 25 years. This win is on back of the 300MW order win from SECI-1 auctions, 300MW in SECI-2 and 200MW from SECI-3 auctions," Wind said in a BSE filing today.

The 50MW project would be executed over the next 12-15 months. Wind will be responsible for the development, construction and commissioning and will provide long term operations and maintenance services, it said adding that this win enhances its based order book to a sector leading 850MW.

Kailash Tarachandani, of Inox Wind said in the statement, With this the government has auctioned 5.5GW in & state this year and we look forward to a strong end to the year with the upcoming 2GW SECI-4 and 500MW (with 500MW Greenshoe option) auction."

"The wind power auction tariff of Rs2.86/unit also highlights our belief that states with lower PLF (plant load factor) sites will show higher tariffs than what are discovered in central auctions where higher PLF sites are used, Tarachandani added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 16:45 IST