Please refer to the updated post here
The Indian Ministry of New and Renewable Energy MNRE has now officially received the bids for the Second Batch of Solar Photovoltaic Power Projects under the JNNSM.
As predicted in our previous posts on the allocations, the competition for projects with very low bids by developers made this allocation one of the fiercest to date and brought Solar power much closer to Wind as well Biomass sources.
The NVVN bidding results are now out with the lowest bid for 5MW starting at a mind numbing Rs. 7.49 per KWh submitted by Solar Direct who have in the past shown interest in using an all equity style of funding. The band was between Rs. 7.49 at the lowest and Rs. 9.44 for the highest bidder Green Infra
The other successful bidders are
- Welspun 3 Project – Rs.7.97, Rs.8.05, Rs.8.14
- Azure Power – Rs. 8.21
- Sai Sudhir – Rs.8.22
- VS Lignite – Rs.8.54
- Sunborne Energy – Rs.8.99
- Sujana Energy – Rs. 9.09
- Sun Edison – Rs.9.28
- Mahindra – Rs.9.34
- Kiran Energy – Rs.9.34
- Green Infra – Rs.9.39
- Green Infra Solar – Rs. 9.44
All prices above are for a KiloWatt Hour Unit
We will publish the allotted sizes in the next post
*This info is validated by certain sources in the Government but cannot guarantee the accuracy at the moment
