NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

20 Jul 2021 CW Team

In the auction, NTPC offered the lowest tariff of $2.33 ($0.0313) per kWh.

NTPC Renewables was awarded a 105 MW capacity at $2.35 ($0.0316) per kWh and a 220 MW capacity at $2.33 ($0.0313) per kWh.

Talettutayi Solar Projects Nine (SolarArise) was awarded a 125 MW capacity at 2.339 ($0.0314) per kWh.

The tender received a massive response from bidders, with 5.8 GW of capacity being oversubscribed. For the tender, a total of 15 bidders were shortlisted.

The Shajapur Solar Park in Madhya Pradesh has a total capacity of 450 MW, which is made up of solar projects with capacities of 220 MW, 125 MW, and 105 MW.

RUMSL issued a tender in 2018 for the development of 1,500 MW of grid-connected solar projects across the state's three solar parks. Due to upcoming federal and state elections, the tenders have been postponed.

In January of last year, RUMSL reissued the tender. At the Shajapur Solar Park, the first tender was for the development of 450 MW of grid-connected solar projects. The Agar Solar Park received a second tender for 550 MW of solar projects, and the Neemuch Solar Park received the third tender for 500 MW of solar projects. Following that, the tender was extended several times for bid submission deadlines.

The entire 1,500 MW capacity will be financed by the World Bank.

The winners of the RUMSL's auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh were recently announced as Avaada Energy and O2 Power. The first unit, Agar, has a capacity of 200 megawatts, while the second, Susner, has a capacity of 350 MW.

The Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited have partnered to form RUMSL.

RUMSL issued a request for proposals from interested consultants for the establishment of solar parks in Madhya Pradesh in January of last year. The Indian Renewable Energy Development Agency will receive technical assistance from the International Bank for Reconstruction and Development.

Mercom recently discussed the specifics of the RUMSL tender's success. The availability of land and guaranteed offtake were the main reasons for the tender's success, among many other factors.

Image Source

Also read: NTPC to set up 4.75 GW solar park in Rann of Kutch

Also read: NTPC Invites bids for 500 MW grid-connected solar projects

NTPC Renewables and Talettutayi Solar Projects Nine were the winners of the Rewa Ultra Mega Solar Limited (RUMSL) auction for 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh (SolarArise). In the auction, NTPC offered the lowest tariff of $2.33 ($0.0313) per kWh. NTPC Renewables was awarded a 105 MW capacity at $2.35 ($0.0316) per kWh and a 220 MW capacity at $2.33 ($0.0313) per kWh. Talettutayi Solar Projects Nine (SolarArise) was awarded a 125 MW capacity at 2.339 ($0.0314) per kWh. The tender received a massive response from bidders, with 5.8 GW of capacity being oversubscribed. For the tender, a total of 15 bidders were shortlisted. The Shajapur Solar Park in Madhya Pradesh has a total capacity of 450 MW, which is made up of solar projects with capacities of 220 MW, 125 MW, and 105 MW. RUMSL issued a tender in 2018 for the development of 1,500 MW of grid-connected solar projects across the state's three solar parks. Due to upcoming federal and state elections, the tenders have been postponed. In January of last year, RUMSL reissued the tender. At the Shajapur Solar Park, the first tender was for the development of 450 MW of grid-connected solar projects. The Agar Solar Park received a second tender for 550 MW of solar projects, and the Neemuch Solar Park received the third tender for 500 MW of solar projects. Following that, the tender was extended several times for bid submission deadlines. The entire 1,500 MW capacity will be financed by the World Bank. The winners of the RUMSL's auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh were recently announced as Avaada Energy and O2 Power. The first unit, Agar, has a capacity of 200 megawatts, while the second, Susner, has a capacity of 350 MW. The Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited have partnered to form RUMSL. RUMSL issued a request for proposals from interested consultants for the establishment of solar parks in Madhya Pradesh in January of last year. The Indian Renewable Energy Development Agency will receive technical assistance from the International Bank for Reconstruction and Development. Mercom recently discussed the specifics of the RUMSL tender's success. The availability of land and guaranteed offtake were the main reasons for the tender's success, among many other factors. Image Source Also read: NTPC to set up 4.75 GW solar park in Rann of Kutch Also read: NTPC Invites bids for 500 MW grid-connected solar projects

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..