Ntpc 2 Gw Solar Tender

The tender has been oversubscribed by.

Ntpc 2 gw solar tender.

Four winners in o2 power tata power azure power and amp energy emerged as winners in the tender with a total of 1170 mw capacity awarded. Earlier mercom reported that 1 4 gws of solar projects that were awarded for ntpc s 2 gw solar tender were canceled due to regulatory delays. Oil and gas majors were the major acquirers of solar assets in 1h 2020 and accounted for about 6 5 gw 45 of acquisitions followed by investment firms with 6 1 gw 41. Ntpc ltd has concluded the e reverse auction for its tender for the selection of solar power developers for setting up 1 2 gw ists connected solar pv power projects anywhere in india.

The developers o2 azure and tata secured project capacities of 400 megawatt mw 300 mw and 370 mw respectively. The location of the project is in india. The canceled projects were originally awarded to acme solar shapoorji pallonji and azure power projects for 600 mw 500 mw and 300 mw respectively. The reverse auction for 1 2 gigawatt gw interstate transmission system ists solar tender conducted by ntpc on thursday saw gurugram based o2 power azure power and tata power emerging as winners with an aggressive tariff of rs 2 43 per kilowatt hour kwh.

The minimum cuf condition for this tender is 19 and the commissioning timeline is 24 months. The national thermal power corporation ntpc has extended the bid submission deadline for its tender for 1 2 gw interstate transmission system ists connected solar projects in western india. Earlier this month ntpc s tender for setting up 1 2 gw of solar projects was met with an enthusiastic response from the developers. Today ntpc conducted the reverse auction of its 1 2 gw ists solar tender.

The ntpc is allowing project developers the option they have been waiting for. The ntpc had tendered the projects in november 2018 with an initial bid submission deadline set on december 19 2018. According to mercom s sources six companies renew power tata power o2 power sungrow azure power and amp solar have collectively placed bids for 1 7 gw of projects. In july the tender had received bids of about 1 7 gw of capacity.

The tender auction was conducted today and it saw winning tariff of inr 2 43 kwh. This tender too did not have any upper tariff cap yet developers chose to bid low. The tender was announced with a ceiling tariff set at rs 2 78 per kwh. To keep things in perspective a lowest l1 tariff of 2 59 0 0372 kwh was quoted in the auction held by ntpc to develop 2 gw of ists connected solar pv projects.

In february 2020 ntpc floated an invitation for bids for the selection of solar power developers to set up 1 2 gw of ists connected solar projects. Ntpc limited s tender for setting up 1 2 gw of interstate transmission system ists connected solar projects has been met with an enthusiastic response from the developers the tender has been oversubscribed by 500 mw.