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.

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