In a first in recent times, a mid-sized IPP, Rising Sun Energy, won the full capacity of 190 MW of solar projects quoting a tariff of ₹2.25/kWh in NTPC Limited’s 190 MW of grid-connected solar projects at Nokh Solar Park in Rajasthan in a recently concluded auction.
The tender for 190 MW solar park project was floated in Jan this year and is backed by a Power purchase agreement (PPA) for 25 years with NTPC.
Rising Sun Energy is a New Delhi based company engaged in setting up grid connected utility scale projects, by entering into a PPA with the state or central authorities for a period of 20-25 years. It also serves the captive project requirements of Residential and Commercial companies.
Rising Sun Energy’s recent win is expected to give a significant boost to other mid-sized players in the country. Rising Sun has strong expertise in project consultancy having worked on a number of project from the very nascent stages of the project execution and help in achieving the completion of the project in time-efficient and cost-effective manner as well as financial modelling for solar projects.
Rising Sun Energy quoted an aggressive tariff of Rs 2.25 per unit for projects to be built in Nokh solar park in Rajasthan.
Rajasthan has been a hotbed of solar activity and also saw a record low tariff of INR 2 per unit in one of the recent SECI solar auctions. The Solar Energy Corporation of India (SECI) has also announced its plans to float a tender for 1,785 MW of solar projects in Rajasthan (Tranche-IV).
About the Tender
Nokh Solar Park developed by the Rajasthan Solar Park Development Company is located at Pokran in the Jaisalmer district of Rajasthan. The solar power from the project will be purchased by NTPC and sold to the state power distribution companies or any other beneficiaries through a back-to-back power sale agreement (PSA). The power could also be utilized for the flexible operation of NTPC thermal plants as per the “Flexibility in Generation and Scheduling of Thermal Power Stations to Reduce Emissions” program or would be sold in the market.