In the first large-scale national solar tender after the import tax on imported solar cells, the Indian solar price rose by more than 6%.
India's largest power generation company, the Indian National Power Company, NTPC, conducted a bidding process for a 2 GW solar power project. The tender is almost similar to the tender issued by the Indian Solar Corporation (SECI), and developers are free to choose the location of the project. In the tender, NTPC (and SECI) signed a back-to-back power purchase agreement with project developers and distribution companies interested in solar procurement.
Acme Solar once again became the lowest bidder in the auction, as was the case with similar tenders in the past few months. The company plans to develop 600 megawatts of solar power at a rate of 2.59 rupees/kWh. This is the single largest in any tender. Solar power capacity allocation.
Acme also previously received 600 MW of solar development capacity from SECI's first 2 GW scale solar power tender. The company's bid was 2.44 rupees / kWh. Subsequently, the company again used the same tax rate in the SECI national solar tender. Successfully won the 600 MW capacity. In fact, because the SECI believes that all developers except Acme reported excessive tax rates, 2.4 GW of capacity allocation was cancelled in the second tender.
The encouraging part of this tender is the overwhelming participation of many project developers. As the first major tender after the implementation of the safeguard responsibility for imported solar cells, the industry and the government will pay close attention to the results of the tender.
A total of 15 companies participated in the tender, providing 6.3 GW of capacity, while the tender size was only 2 GW. The bids for these companies ranged from Rs 2.61/kWh to 3.10 rupees/kWh.
