O2 Power, Azure, Tata and Empee Energy win 1.2 GW ISTS Solar Tenders of NTPC

The tender was seen winning the tariff at the rate of Rs 2.43 per kilowatt-hour

New Delhi (Natural Energy News): Gurugram-based O2 Power, Azure Power, and Tata Power as winners with aggressive tariffs of Rs 2.43 per kWh in the reverse auction of 1.2 GW (GW) Inter-State Transmission System ( ISTS) solar tender conducted by NTPC on Thursday Emerged. Hour (kWh).

According to JMK Research, the developers - O2, Azure, and Tata - achieved a project capacity of 400 MW (MW), 300 MW, and 370 MW, respectively, at a win rate of Rs 2.43 per kWh. Whereas, Amp Energy won 100 MW at a tariff of Rs 2.44 per kWh.

Related Article: India's solar generation grew by 26% in Q2 2020

The tender has a minimum capacity utilization of 19 percent and a 24-month commission time limit. In July, bids of about 1.7 GW were received in the tender.

With this O2 power installed by EQT Infrastructure and Temasek, there will now be a pipeline of 780 MW solar projects. AMP Energy, which wants to build its portfolio, will now have a portfolio of 300 MW of solar projects in the pipeline with this win.

In June, India secured a historic low winning tariff of Rs 2.36 per kWh for the 2-GW ISTS solar tender under the SECI auction from Spanish developer Solarpack.

Related Article: The solar sector declined by 83% even before government checks started

At the time, the major reasons cited by industry analysts were for developers to undergo zero security fees (SGD), low-cost access to financing, and basic customs duty (BCD) under 'change in law' in this specific legislation. Period.

Such low tariff trends can be a desperate situation in which developers are looking to take advantage of the current situation, with only 14.9 percent of the WWD applied, even though the dual duties as SWD and BCD of 20-25 More likely. Due to ongoing issues on China's border, the research firm added.

Another reason for such low tariffs may be module prices, which are likely to fall in the coming months, with an increasing demand-supply gap due to disruptions caused by the COVID-19 epidemic.

Related Article: Constructed concrete floor panels located in a strong energy first floor for Spain

NTPC had in February this year floated a tender to install 1.2 GW of ISTS solar projects with a ceiling rate of Rs 2.78 per kWh.