India gets lowest wind tariff of Rs 2.64 per kWh

Ministry of new and renewable energy is hopeful of achieving the target of generating 175 GW wind energy by 2022

GN Bureau | October 6, 2017


#PSU   #Solar Energy Corporation   #auction   #wind  

 The wind tariff in India touched the lowest level of Rs 2.64 per kWh in the second wind auction conducted by Solar Energy Corporation of India (SECI)— a ministry of new and renewable energy PSU. The tariff in the auction is much lower than first wind auction that concluded at Rs 3.46 per kWh in February 2017. 

 
The ministry is hopeful that it would be able to achieve the target of generating 175 GW wind energy by 2022 by using modern technology.
 
Against the 1,000 MW capacity, SECI received 12 bids, totalling to 2,892 MW capacity of which nine bids with accumulative capacity of 2,142 MW were shortlisted for e-reverse auction. The auction continued for over 13 hours. The corporation has selected five companies for total 1,000 MW capacity wind power namely ReNew Power, Orange Sironj, Inox Wind, Green Infra and Adani Green. 
 
The wind projects are to be commissioned within 18 months from the date of issue of letter of award by SECI to successful bidders.
 
As per provisions of scheme, additional 100 MW capacity can be allotted to central public sector enterprises willing to undertake development of inter-state transmission system connected wind power projects at the lowest bid tariff of Rs 2.64/kWh.

Comments

 

Other News

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter