In response to Tender floated by HPPC ( UHBVN ) in May 2015 ( Summary can be found here ) , the final results has been announced and interestingly the entire capacity has been awarded to own single bidder to a group company of Aditya Birla group at INR 5.08 Kwh / USD 0.075 cent ( Fixed Tariff for 25 years ) .
This tariff is although higher than recently announced INR 4.63 quoted by Sun Edison for 500 MW NTPC project , still it ensures that INR 5 is the new tariff benchmark for Solar projects and shows how national players have started joining the race to outbid International players in tariff race to acquire Solar Projects in India .
Overall Summary :
No. Of participant : 48
Category I ( 1- 10 MW ) : 43
Category II ( 11-50 MW ) : 1
Category II ( 50-150 MW ) : 4
MW of Offer received : 640 MW ( approx )
Major Bidders : Aditya Birla , ACME , Rattan Power , Fluidcon Engineering , Essel Green
As highlighted in my earlier Post , the bid was favorable for Player looking for depreciation and was surely suited for Bigger capacity bidder leaving almost zero room for small size / new bidders .