+
Anboto, Avaada, Apraava, ReNew get NTPC's 1.5 GW solar projects
POWER & RENEWABLE ENERGY

Anboto, Avaada, Apraava, ReNew get NTPC's 1.5 GW solar projects

Anboto Solar (Solarpack), Apraava Energy, Avaada Energy, and ReNew Solar Power emerged as victors in NTPC's auction for the establishment of 1,500 MW interstate transmission system (ISTS)-connected solar power projects (Tranche-I) across India.

Anboto Solar secured 300 MW with the lowest tariff of Rs 2.60 (~$0.0312)/kWh. Avaada and Apraava claimed 500 MW and 300 MW, respectively, at a tariff of Rs 2.65 (~$0.0318)/kWh. ReNew clinched 400 MW out of the 600 MW offered at the same tariff of Rs 2.65 (~$0.0318)/kWh.

The entire 1.5 GW capacity was allocated in this auction, with Sprng Energy, quoting Rs 2.74 (~$0.0329)/kWh for 250 MW capacity, failing to qualify.

NTPC issued the tender in October 2023, specifying that developers must maintain an annual capacity utilisation factor between 80% and 120% during the 25-year power purchase agreement duration. The use of commercially established technologies and adherence to the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers for solar modules were mandated.

In December 2023, NTPC Renewable Energy invited bids for land and an extra-high-voltage transmission system package for ISTS-connected solar power projects up to 800 MW capacity in Maharashtra.

The MNRE's Renewable Energy Implementing Agencies issued 35.51 GW of project tenders until December 2023, falling short of the 50 GW target for the financial year 2023-24. NTPC accounted for approximately 42% of the total capacity tendered during this period, according to Mercom?s India Solar Tender Tracker.

Anboto Solar (Solarpack), Apraava Energy, Avaada Energy, and ReNew Solar Power emerged as victors in NTPC's auction for the establishment of 1,500 MW interstate transmission system (ISTS)-connected solar power projects (Tranche-I) across India. Anboto Solar secured 300 MW with the lowest tariff of Rs 2.60 (~$0.0312)/kWh. Avaada and Apraava claimed 500 MW and 300 MW, respectively, at a tariff of Rs 2.65 (~$0.0318)/kWh. ReNew clinched 400 MW out of the 600 MW offered at the same tariff of Rs 2.65 (~$0.0318)/kWh. The entire 1.5 GW capacity was allocated in this auction, with Sprng Energy, quoting Rs 2.74 (~$0.0329)/kWh for 250 MW capacity, failing to qualify. NTPC issued the tender in October 2023, specifying that developers must maintain an annual capacity utilisation factor between 80% and 120% during the 25-year power purchase agreement duration. The use of commercially established technologies and adherence to the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers for solar modules were mandated. In December 2023, NTPC Renewable Energy invited bids for land and an extra-high-voltage transmission system package for ISTS-connected solar power projects up to 800 MW capacity in Maharashtra. The MNRE's Renewable Energy Implementing Agencies issued 35.51 GW of project tenders until December 2023, falling short of the 50 GW target for the financial year 2023-24. NTPC accounted for approximately 42% of the total capacity tendered during this period, according to Mercom?s India Solar Tender Tracker.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code