Bid Results : NTPC 500 MW A.P. Tender

NTPC seems to have grabbed he best DIWALI OFFER not from any E-commerce Website but from one of the  largest Renewable energy project developer SUN EDISON .

Final Bidding Results from first of it’s kind Reverse Auction which started at 2:30 PM on 3rd Nov and lasted for almost 12 hours resulted in SUN EDISON grabbing entire 500 MW ( 350 in Open Category and 150 in DCR )  at Tariff of INR 4.63 /KWh ( Fixed for 25 years ) . Some of the tariff quoted by other players were :

  • Rattan Power India  ( Formerly India bulls Power ) :  INR 4.63-4 Kwh ,
  • Solar Arise: INR 4.77 /Kwh
  • Softbank Energy ( JV of Soft Bank  , Japan & Bharti group ) : INR 4.79 /Kwh
  • Reliance Energy : INR 4.79 / Kwh
  • Renew Power : 4.85/kWh ,
  • Acme  : 4.89/kWh

Before this , 30 Bidder have submitted their financial bid and 28 of them allowed to be part of  reverse Bidding ( Suzlon & CESC were dropped ) .

List of Bidders who were technically qualified is as follows :

Sl. No. Name of the Bidder
1  Dundee Power Private Limited
2  Prayatna Developers Private Limited (Adani)
3  Energon Soleq India Power Resources Private Limited
4  SBG Cleantach Limited (Soft Bank)
5  Reliance CleanGen Limited
6  Yarrow Infrastructure Limited
7  SunE Solar BV
8  Surya Vidyut Limited (RPG Group)
9  ReNew Solar Power Private Limited
10  Tata Power Renewable Energy Limited
11  Azure Power India Private Limited
12  Shapoorji & Pallonji Infrastructure
13  Orange Renewable Power Private Limited
14  Acme Solar Holdings Private Limited
15  Fortum Finnsurya Energy Private Limited
16  Solairedirect Energy India Private Limited
17  FRV BV
18  Mira Zavas Private Limited (Trina Solar)
19  Hero Solar Energy Private Limited
20  SkyPower Southeast Asia VII Investments Limited
21  Aditya Birla Nuvo Limited
22  Marikal Solar Parks Private Limited (First Solar)
23  Essel Green Energy Private Limited
24  JSW Energy Limited
25  Suzlon Energy Limited
26  Enel Green Power Development BV
27  Amity Solar Power Park Private Limited
28  Greenko Energies Private Limited
29  Welspun Renewables Energy Private Limited
30  Briona Realtors Private Limited (SolarArise)
31  AMPL Cleantech Private Limited

We can expect lot of discussion and debate over feasibility of this project but sub INR 5 tariff is surely the new benchmark for Indian Solar Market inching close to grid parity … Coal Sector watch it Out !!

{ The figures and data mentioned above are based on primary sources } 
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