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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 to six bidders, including Tatas, 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, (250 mw), (150 mw) and India (130 mw) quoted the same price.

State utility Mahavitaran had in April floated tenders for setting up floating photovoltaic panels on the located in district to generate 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.)

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