NTPC’s 1.2 GW ISTS Solar Tender Receives Lowest Bid of INR 2.43/kWh

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The National Thermal Power Corporation Limited (NTPC) has recently issued results of a reverse auction for its 1.2 GW ISTS Solar PV Project.

The location of the project is in India.

Auction winners for the following tender are O2 power,Azure Power, Tata Power and AMP Energy  who won capacity of  400 MW,300 MW , 370 MW and 100 MW. 

O2 power,Azure Power and Tata Power bidded the tariff rate of INR 2.43/kWh whereas AMP Energy bidded tariff for INR 2.44/kWh.

On 18 February 2020, NTPC had issued a request for selection (RfS) of 1200 MW ISTS-connected solar projects. To participate in this tender bidders shall submit earnest money deposit (EMD) of Rs.400,000.

The minimum capacity that a bidder can bid for this project is 50 MW and in multiples of 10 MW upto a maximum quotable capacity of 600 MW. Bidders are only allowed to quote a single tariff. The ceiling tariff for the tender was set at Rs.2.78.

In June, The National Thermal Power Corporation Limited (NTPC) issued a notice regarding the extension of bid submission for the selection of solar power developers to install 1200 MW Interstate Transmission System (ISTS)-connected solar PV power projects in India.

The last date for the submission of bids is extended from 28th May 2020 to 15 th July 2020.The pre-bid meeting is rescheduled to 25th June 2020. The date for the opening of technical bids has been extended to 16th July 2020. 

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