Adani wins 3GW in 5 projects in Andhra Solar Auction, NTPC gets 600 MW

There are plans to build solar plants in Kurnool, Anhuntu, Prakasam and Kadapa districts.

Andhra Pradesh (Natural Energy News): Adani Green Energy Ltd. (AGEL) won five mega solar power projects in each of 600 MW (Mw) by Andhra Pradesh Green Energy Corporation Limited (APGEC) to award 6.4 Gw of ultra mega solar projects.

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State-owned NTPC Ltd. Won the lowest 600 MW tariff in the auction at Rs 2.48 per kWh (unit).

The lowest tariff in the entire auction process by Torrent Power for a 300 MW solar project was Rs 2.47 per unit.

AGEL quoted a tariff of Rs 2.49–2.58 per unit for the five projects, which is half the capacity offered by the state.

There are plans to build solar plants in Kurnool, Anhuntu, Prakasam and Kadapa districts.

The final award of the projects is subject to the result of a writ petition filed in the High Court of Andhra Pradesh.

In January, the High Court barred the state from tendering 6.4 Gw. The case was filed by Tata Power Renewable Energy, to quash requests for selection (RFS) and draft power purchase agreements (PPAs) issued by APGECL.

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The company has alleged that the terms of RFS and PPA are contrary to the Electricity Act, 2003.

Industry sources said the PPA has been mentioned by APGECL that any dispute regarding the project will be settled by the state government, as opposed to the norms for transfer to the state or central power regulator.

The tender received significant investor interest despite the state government canceling all pre-renewable energy contracts in 2019, citing high tariffs and malafide intensity. Around 24 companies submitted preliminary bids for the tender.

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