India gets lowest wind tariff of Rs 2.64 per kWh -Governance Now

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

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind