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Uttar Pradesh plans Reverse Auction for over 1,000 MW Solar Project by July end

Uttar Pradesh plans Reverse Auction for over 1,000 MW Solar Project by July end

June 30, 2018 admin , , , No comments

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) plans to conduct reverse auction for its first large solar project of over 1,000 MW capacity by July end.

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) plans to conduct reverse auction for its first large solar project of over 1,000 MW capacity by July end. The tender document for internationally competitive bidding was initially issued in January, but was amended and reissued in April this year. The tender generated strong interest from domestic and foreign investors which led to participation by around 13 bidders with over 37 bids for 1,870 MW capacity.

adminUttar Pradesh plans Reverse Auction for over 1,000 MW Solar Project by July end
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Maharashtra may Auction 2,000 MW Solar Capacity by August 15

Maharashtra may Auction 2,000 MW Solar Capacity by August 15

June 28, 2018 admin , , , No comments

The state’s 1,000 MW solar auction in May initially faced troubles, but was eventually completed.

The Maharashtra government is planning to auction around 2,000 MW of solar capacity by August 15. The state’s 1,000 MW solar auction in May initially faced troubles, but was eventually completed. The lowest bid at the last auction was Rs 2.71/kWh. The initial four auctions by MSEDCL failed; IPPs did not bid since they wanted higher ceiling on tariffs of Rs 4/unit from Rs 3/unit. The ceiling on tariffs was earlier reduced to below Rs 2.60/kWh after aggressive bidding last year.

adminMaharashtra may Auction 2,000 MW Solar Capacity by August 15
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