The capacity was tendered by SECI in January 2018 under the NSM Phase-II Batch-IV Tranche-XV.
In the SECI auction, ₹2.70 (~$0.039)/kWh emerged as the lowest (L1) tariff quoted. Both SB Energy and Sprng Soura Kiran Vidyut quoted the L1 tariff in the auction.
When contacted, a SECI official confirmed the conclusion of financial bidding and said, “SB Energy Seven Private Limited quoted the L1 tariff to develop 250 MW. Sprng Soura Kiran Vidyut (Actis) also quoted a tariff of ₹2.70 (~$0.039)/kWh to develop 250 MW, Ayana Renewables quoted a tariff of ₹2.71 (~$0.0394)/kWh to develop 250 MW.”
ACME Solar and Fortum were the other bidders participating in the financial bidding. ACME quoted a tariff of ₹2.71 (~$0.0394)/kWh and Fortum quoted a tariff of ₹2.79 (~$0.040)/kWh to develop 250 MW each but could not win the auction.
The L1 tariff quoted in this auction is ₹0.26 (~$0.003)/kWh, more than the recently quoted low tariff of ₹2.44 (~$0.035)/kWh in SECI’s recently concluded 2 GW solar PV auction.