7 firms secure 1.18 GW in ISTS-connected RE auction

24 Nov 2023 CW Team

ACME, Juniper, and Tata clinched their respective capacities at a tariff of Rs 4.38 (~$0.0526)/kWh, with ACME securing 250 MW, Juniper 200 MW, and Tata 200 MW.

The remaining winners?ReNew (184 MW), Solarcraft (150 MW), Hero (120 MW), and TEQ (80 MW)?quoted Rs 4.39 (~$0.0527)/kWh.

ReNew had bid for 300 MW but was ultimately awarded 184 MW through the bucket-filling method. The reverse auction established the opening L1 tariff at Rs 4.55 (~$0.0546)/kWh. SJVN granted contracts for only 1.18 GW out of the initially tendered 1.5 GW capacity.

The tender, launched by SJVN in June, mandated that projects be developed on a build, own, and operate basis. Developers with existing or under-construction untied capacity in renewable energy or storage projects were eligible to bid. The selected developers are also responsible for securing ISTS connectivity at their own expense, as per applicable regulations.

Furthermore, SJVN specified that wind turbine models listed in the Revised List of Models and Manufacturers and solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be utilised in the projects.

Projects are required to maintain an annual capacity utilisation factor (CUF) of at least 40%. Developers must ensure generation that aligns with an annual CUF within +10% and -15% of the declared value throughout the 25-year power purchase agreement duration.

According to Mercom India Research, solar auctions witnessed an 86% year-over-year (YoY) increase in the third quarter of 2023, with a 7% YoY rise in tender activity. Stay updated on real-time tender and auction activity by subscribing to Mercom's India Solar Tender Tracker.

ACME Cleantech Solutions, Juniper Green Energy, Tata Power Renewable Energy, Solarcraft Power India (Blupine), TEQ Green Power XVI (O2 Power), Hero Solar Energy, and ReNew Solar Power emerged victorious in SJVN's auction, securing the contract to supply 1,500 MW of power from interstate transmission system (ISTS)-connected renewable energy projects with energy storage throughout India. ACME, Juniper, and Tata clinched their respective capacities at a tariff of Rs 4.38 (~$0.0526)/kWh, with ACME securing 250 MW, Juniper 200 MW, and Tata 200 MW. The remaining winners?ReNew (184 MW), Solarcraft (150 MW), Hero (120 MW), and TEQ (80 MW)?quoted Rs 4.39 (~$0.0527)/kWh. ReNew had bid for 300 MW but was ultimately awarded 184 MW through the bucket-filling method. The reverse auction established the opening L1 tariff at Rs 4.55 (~$0.0546)/kWh. SJVN granted contracts for only 1.18 GW out of the initially tendered 1.5 GW capacity. The tender, launched by SJVN in June, mandated that projects be developed on a build, own, and operate basis. Developers with existing or under-construction untied capacity in renewable energy or storage projects were eligible to bid. The selected developers are also responsible for securing ISTS connectivity at their own expense, as per applicable regulations. Furthermore, SJVN specified that wind turbine models listed in the Revised List of Models and Manufacturers and solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be utilised in the projects. Projects are required to maintain an annual capacity utilisation factor (CUF) of at least 40%. Developers must ensure generation that aligns with an annual CUF within +10% and -15% of the declared value throughout the 25-year power purchase agreement duration. According to Mercom India Research, solar auctions witnessed an 86% year-over-year (YoY) increase in the third quarter of 2023, with a 7% YoY rise in tender activity. Stay updated on real-time tender and auction activity by subscribing to Mercom's India Solar Tender Tracker.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..