News / Winners announced for India’s first wind tender

Winners announced for India’s first wind tender

🕔 April 20, 2017

Related Companies

  • Solar Energy Corporation of India (SECI)
  • Mytrah Energy
  • Actis
  • Inox Wind
  • Green Infra Wind Energy Ltd
  • Adani Group
  • Ostro Energy Pvt Ltd
  • Power Trading Corporation of India Ltd (PTC India)

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Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.

India's Ministry of New and Renewable Energy announced plans for the tender in June last year.

The auction held in February drew record-low bids of INR3460 (US$53.4) per MWh. All the winners selected gave that price. Mytrah Energy India Pvt Ltd, Green Infra Wind Energy Ltd, Actis-backed Ostro Kutch Wind Pvt Ltd and the infrastructure arm of wind turbine maker Inox Wind Ltd have each been awarded 250 MW of capacity whereas Adani Green Energy MP Ltd won 50 MW.

With a 25-year power purchase agreements (PPA) with PTC India Ltd, the wind power plants will be connected to the inter-state transmission system (ISTS).

The selection of developers for the 1GW auction are:

Bidder's Name Bidder's Quantity (MW) Tariff (INR/MWh) Awarded capacity (MW)
Mytrah Energy India Private Limited 250 3460 250
Green Infra Wind Energy Limited 249.9 3460 249.9
Inox Wind Infrastructure Services Limited 250 3460 250
Ostro Kutch Wind Private Limited 250 3460 250
Adani Green Energy (MP) Limited 250 3460 50

Mytrah Energy and Green Infra are expected to set up projects in the state of Tamil Nadu, while Inox Wind and Ostro Energy will likely set up projects in the state of Gujarat. The companies will sell electricity generated to Power Trading Corporation of India, which will in turn sign power sale agreements with interested utilities across the country.

 



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