Tata Power and Azure Power are the winners in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) 500 MW of wind-solar hybrid auction.
Tata Power won a capacity of 300 MW, and Azure Power won a capacity of 200 MW both quoting ₹2.62 (~$0.035)/kWh.
MSEDCL will enter into a 25 years long power purchase agreement (PPA) with Tata Power and Azure Power, who will set up the hybrid power projects including the transmission/distribution network up to the delivery point.
Last month MSEDCL, the state discom floated the tender to procure 500 MW of Wind-Solar hybrid power on a long-term basis from grid-connected insterstate and interastate projects. The tender had received a good response from the bidders and was oversubscribed by 1 GW according to the sources.
Commenting on the response from the bidders, an MSEDCL official had said, “Being a hybrid tender, MSEDCL had the clause of certified wind turbine procurement from the revised list of models and manufacturers and procurement of solar modules from the approved list of models and manufacturers. Therefore, only a few big players were eligible to bid for this capacity in compliance with both the clauses. Also, due to lower earnest money deposit and the performance bank guarantee compared to the hybrid tender, more bidders were attracted towards the solar tender rather than the hybrid tender.”
O2 Power, JSW Energy and ReNew Power were the other bidders who has quoted for the said tender.
The minimum project size of a single hybrid project for the intrastate projects will be 25 MW, with at least 10 MW project at one site. For the intrastate projects, it should be 50 MW at one site to be interconnected to a single delivery point.
ACME Solar Holdings and ReNew Solar Power were the winners for the 500 MW of MSEDCL Solar Tender