Bid Result : 150 MW Solar Tender ( Haryana)

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  .

 

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