NHPC Issues LOA for 400 MW ISTS-Connected Solar Projects

National Hydroelectric Power Corporation (NHPC) has recently announced that it has issued  Letter of Award (LOA)  to Solar Power Developer for interstate transmission system (ISTS) grid connected photovoltaic projects for balance 400 MW installed capacity out of 2000 MW. Out of 2000 MW.

NHPC said that as part of the LOA it shall purchase the power generated from the proposed ISTS- Connected Solar PV Power Project at tariffs of Rs 2.55/- and 2.56/-per unit.

NHPC stated it had already issued LOA for 1600 MW during June 2020 and had successfully conducted the e-reverse Auction for 2000 MW ISTS Grid Connected Solar PV Project to be set up anywhere in India. 

The Shortlisted bidders for this project are SoftBank, O2 Power, Axis Energy Ventures India Private Limited, EDEN Renewables and Avaada Energy.

Softbank, Axis Energy, O2 Power, and EDEN quoted tariffs of ₹2.55 /kWh each whereas Avaada Renewables quoted a tariff of Rs 2.56/kWh. Awarded capacity for the shortlisted bidder is 600 MW, 400 MW, 380 MW, 300 and 320MW respectively.

In January, NHPC revised its minimum tariff payable to the project ₹2.78 /kWh from ₹2.65 /kWh. Initially, the NHPC had set a tariff ceiling of ₹2.95 /kWh but in October 2019, the ceiling tariff was revised to ₹2.65 /kWh

National Hydroelectric Power Corporation (NHPC) has recently announced that it has issued  Letter of Award (LOA)  to Solar Power Developer for interstate transmission system (ISTS) grid connected photovoltaic projects for balance 400 MW installed capacity out of 2000 MW. Out of 2000 MW.

NHPC said that as part of the LOA it shall purchase the power generated from the proposed ISTS- Connected Solar PV Power Project at tariffs of Rs 2.55/- and 2.56/-per unit.

NHPC stated it had already issued LOA for 1600 MW during June 2020 and had successfully conducted the e-reverse Auction for 2000 MW ISTS Grid Connected Solar PV Project to be set up anywhere in India. 

The Shortlisted bidders for this project are SoftBank, O2 Power, Axis Energy Ventures India Private Limited, EDEN Renewables and Avaada Energy.

Softbank, Axis Energy, O2 Power, and EDEN quoted tariffs of ₹2.55 /kWh each whereas Avaada Renewables quoted a tariff of Rs 2.56/kWh. Awarded capacity for the shortlisted bidder is 600 MW, 400 MW, 380 MW, 300 and 320MW respectively.

In January, NHPC revised its minimum tariff payable to the project ₹2.78 /kWh from ₹2.65 /kWh. Initially, the NHPC had set a tariff ceiling of ₹2.95 /kWh but in October 2019, the ceiling tariff was revised to ₹2.65 /kWh