SECI has announced the results of its 1 GW solar tender, launched under tranche XVIII. Against the tendered capacity, 600 MW has been allocated to three bidders at an average price of INR 3.06 ($0.036)/kWh.
ReNew won 250 MW by quoting the lowest tariff of INR 3.04/kWh. Acme Solar secured 300 MW at INR 3.05/kWh. Adani Renewable Energy has been allocated 50 MW at INR 3.10/kWh against bid quantity of 200 MW.
SECI will sign 25-year PPAs with the successful bidders. Power procured by SECI from these projects has been provisioned to be sold to the different buying entities of India.
The projects are to be developed on a build-own-operate basis. They can be located anywhere in India and must connect to the interstate transmission grid.
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