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Parampujya, Hero Future to set up solar projects in Karnataka

Ahmedabad-based Parampujya Solar has won a mandate to put up 350 MW of solar projects in Karnataka in a Solar Energy Corporation of India tender.

Government of India-owned SECI tendered out 920 MW on ‘viability gap funding’ basis, fixing the tariff at Rs. 4.43 a kWhr. Bidders who ask the least amounts of funding will secure mandate to put up solar projects and sell the power to SECI at Rs. 4.43 a unit.

Parampujya Solar bid for 500 MW quoting Rs. 73.50 lakh of VGF per MW, but got only 350 MW of it, as others edged past it, quoting lower.

They included Delhi-based renewable energy companies, Hero Future Energies and ACME, which bagged 200 MW and 160 MW respectively, quoting Rs. 68 lakh and Rs. 73.49 lakh, respectively.

The other winners were: Delhi-based JK Petrotech (10 MW), Solitaire Powertech (30 MW), PCIL Pune (40 MW) and Energon Soleq (100 MW).

 

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