Tata Power Saurya Wins The MAHAGENCO Auction To Set Up 250MW Solar Project

Tata Power’s subsidiary, TP Saurya has been declared the winner in the Maharashtra State Power Generation Company’s (MAHAGENCO) auction for setting up 250 MW of grid-connected solar photovoltaic projects at the Dondaicha Solar Park in Dhule, Maharashtra.

The other participants in the bidding process were SJVN and NTPC Renewable Energy. The quotes given by them were ₹2.53 (~$0.034)/kWh and ₹2.82 (~$0.038)/kWh, respectively. TP Saurya had quoted ₹2.51 (~$0.033)/kWh and  won the full capacity of 250 MW. 

MAHAGENCO had invited bids from solar power developers for setting up 250 MW of grid-connected solar photovoltaic projects at the Dondaicha Solar Park in Dhule, Maharashtra. This was in the month of January this year. 15th Feb 2021 was the deadline for bid submission. The tender had specified a ceiling tariff of ₹2.83 (~$0.038)/kWh, valid for 25 years.

The estimated cost of the project is expected to be ₹8.75 billion (~$11.8 million). It must be commissioned within 15 months from the power purchase agreement (PPA) date. It must also achieve financial closure within nine months from the date of the power purchase agreement (PPA). Also, the project will be divided into three blocks – Block I (75 MW), Block-II (125 MW), and Block III (50 MW).