You are here: Home » PTI Stories » National » News
Business Standard

Tatas, 5 others win bid for Ujjani dam floating solar project


Press Trust of India  |  Mumbai 

The Maharashtra State Electricity Distribution Company has awarded the 1,000 mw of floating solar capacity on the Ujjani Dam to six bidders, including Tatas, Azure Power and Acme Solar, say sources.

These players, selected from 25 bidders, won the contract for different capacities at tariffs of Rs 2.71 and Rs 2.72 per unit, according to the industry sources involved in the tendering process. State utility Mahavitaran had kept the reserve tariff at Rs 2.95 per unit.

While small players like JLTM Energy India quoted Rs 2.71 per unit, to set up a 20 mw project, another firm Mahoba Solar quoted the same price to develop a 200-mw project.

Established players like ReNew Solar Power, promoted by Yashwant Sinha's son Sumant Sinha, quoted Rs 2.72 per unit to develop a 250 mw project, Acme Solar Holdings (250 mw), Tata Power Renewable Energy (150 mw) and Azure Power India (130 mw) quoted the same price.

State utility Mahavitaran had in April floated tenders for setting up floating photovoltaic panels on the Ujjani Dam located in Solapur district to generate solar energy worth 1,000 mw, mainly to meet its solar renewable purchase obligation (RPO).

As per the data provided by the state discom, during FY17, it achieved solar RPO of 0.38 per cent, against the target of 1 per cent of the total renewable capacity.

Under the project, the power purchase agreement will be valid for 25 years.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 14 2018. 21:20 IST