Lowest Winning Tariff : Rs.5.05 per kWh (Skypower) ; Highest Winning Tariff : Rs 5.64 (Hero)
State : Madhya Pradesh
Type of Project : State PPA
PPA Duration : 25 years
Size of tender : 300 MW
Application Received : 3744 MW ( 13 Times Oversubscribed )
No of Participating Companies : 95 +
Major Bidders : Hero Future , Welspun , Azure , Acme , Renew , Adani Group , Reliance Power
Results from Financial Bid Opening *:
| S.No. | Company Name | MW Capaity | Tariff ( In INR / KWh ) |
| 1 | Sky Power South east Asia holding ltd. | 50 | 5.051 |
| 2 | Sky Power South east Asia holding ltd. | 50 | 5.109 |
| 3 | Sky Power South east Asia holding ltd. | 50 | 5.298 |
| 4 | Narbheram Vishan ( Atha Group ) | 20 | 5.380 |
| 5 | Narbheram Vishan ( Atha Group ) | 10 | 5.398 |
| 6 | Narendra Kumar Khanna | 2 | 5.451 |
| 7 | Made Easy Education | 10 | 5.452 |
| 8 | Fluid Engineers | 2 | 5.456 |
| 9 | Rays power Experts | 12 | 5.457 |
| 10 | Design Co. | 5 | 5.610 |
| 11 | Renew Solar Power | 51 | 5.630 |
| 12 | Hero Solar Energy | 50 | 5.641 |
*Tentative list , Final List would be available soon .
This is the lowest Tariff for solar project discovered till time in India in any of reverse bidding undertaken by state/central agency and this has increased the spotlight on the current NTPC Tender for Projects in Solar Park in AP and Rajasthan . Even the Telangana Solar Tender result would be out soon and it is supposed to be following the same trend or probably will see more aggressive tariff being offered
With the kind of Investment plan proposed by Major industrial Giants of India and MNC’s , Grid Parity doesn’t look to be far for becoming reality and It’s a good sign for Indian Market .
Detailed Analysis of the Bid result and its implication would be followed in next post ..
In case of any information or assistance related to bidding in solar project in India is required , drop a line in comment section .
Till then …Keep the sunny side UP 🙂
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