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

Phase 6: Voter turnout 59.06% at 7:45 PM

Polling in the sixth phase of General Elections 2024 which commenced across 58 PCs recorded an approximate voter turnout of 59.06% as of 7:45 pm Saturday. In spite of hot weather in certain parts of the country, voters were undeterred in their enthusiasm as they were seen queuing up patient

Banks not adhering to RBI guidelines, finds study

Banks across India are levying inconsistent service charges on basic savings accounts. A study, “Benchmarking Reasonableness of Service Charges by Banks in India”, uncovers and exposes inconsistencies in adherence to RBI mandates by banks. It finds some banks impose charges exceeding reasonable

“Mumbai Infra boom similar to that of Manhattan in 19th C”

Mumbai’s ongoing infrastructure boom – with a new coastal road, Atal Setu, metro lines and much more – creating transport corridors – is comparable to that of Manhattan in New York during 1811-1870, according to BMC commissioner Bhushan Gagrani. The iconic projects being implemented

Global Gandhi: How the Mahatma captured the world’s imagination

Gandhi’s Australia, Australia’s Gandhi By Thomas Weber Orient BlackSwan, 348 pages, Rs 1,800  

Urban apathy in Mumbai, Maharashtra sees 49% voting

Polling in the fifth phase of General Elections 2024 which commenced at 7 am on Monday simultaneously across 49 PCs recorded an approximate voter turnout of 57.47% as of 7:45 pm. Voters came out in large numbers braving hot weather in many parts of the states that went for polls on Monday.

Voter turnout: Drop from 2019 reduces further

As the voting percentages dropped drastically in the first couple of phases of the ongoing general elections, observers and analysts spoke of ‘voter apathy’ blamed it on a lack of “wave” this time – apart from the heatwave, that is. The latest figures after the fourth phase, h

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