NOTE OF CAUTION: EQMAG (claiming 2 winners for 125MW and 75MW  unknown) and Hindu Business Line ( claiming 4 winners for 200MW) have conflicting information. We are yet to validate the final results and will update the post accordingly. 

On May 10,2012 the commercial bids for proposed 200 MW Solar PV Projects in Madhya Pradesh as tenders invited my MPTRADECO were opened. 125 MW worth of Solar PV Projects were allotted to the lowest bidders. Alpha Infra emerged as the lowest bidder quoting tariff of Rs.7.90 per kwHr for 20 MW Project, Welspunbid Rs.8.05 for 2 Projects of 50 MW and 1 project of 25 MW out which it got 5 MW Project.

Welspun emerged one among the four winning bidders for solar projects in Madhya Pradesh.

After the formal award of the project, Welspun Solar MP Pvt Ltd will put up one solar photo voltaic project of 100 MW and another of 25 MW capacity.

Welspun offered a tariff of Rs 8.05 a unit.

Typically, a solar power project costs Rs 10 crore a MW.

The other winning bidders are: Alpha Infra Properties 20 MW at Rs 7.90 a unit (the least of the four), Simplex 10 MW at Rs 9.59 a unit and Acme Telepower 45 MW for Rs 12.45 (the highest tariff).

Madhya Pradesh also followed a ‘reverse bidding’ process under which it would award projects to those who offer to sell power at the best (least) rates. The MP programme is for 200 MW, which means it would award projects up to a total of 200 MW.

Madhya Pradesh received bids for 430 MW for its tender for 200 MW, from 12 developers, including known names such as Azure (which submitted a bid for 5 MW), BGR Energy (10 MW), Essel Infra Properties (30 MW) and IL&FS (50 MW).

Source: EQMAG and Hindu Business Line