Tata Power and Aljomaih win RUMSL's solar park auction
POWER & RENEWABLE ENERGY

Tata Power and Aljomaih win RUMSL's solar park auction

Rewa Ultra Mega Solar's (RUMSL) third 500 MW auction received lower bids, as Saudi firm AlJomaih Energy, TP Saurya (Tata Power), and Water Company enclosed the Neemuch park bids.

On the other hand, Tata Power won two packages of 170 MW and 160 MW at Rs 2.14 and 2.149 each. Aljomaih won the remaining 170 MW with a final bid of Rs 2.15/kWh.

RUMSL is a joint enterprise of Urja Vikas Nigam Limited (MPUVN) of Madhya Pradesh and Solar Energy Corporation of India (SECI).

These bids follow the previous 450 MW RUMSL solar auction, won by Talettutayi Solar Projects Nine (SolarArise) and NTPC Renewables (NTPC), with bids of Rs 2.34 per kWh and Rs 2.33 per kWh, each.

The first 1500 MW of total auctions was held for Agra Solar park, where the bids for 550 MW capacity witnessed O2 Power (through Beempow energy Private Limited) and Avaada Energy acquiring the bids at Rs 2.45 (200 MW) and 2.44 (350 MW), each.

After the government, the attractive bids made proved that they would have to take the impending duty structure into account from April 2022, which are indicating a positive mood between developers regarding the future.

Although, these bids have assured buys already, which make sure that projects would continue on time, unlike many SECI sponsored auctions from 2020 that are still trying to find discom buyers.

The results also indicate that the going would remain difficult for projects bid and won at more than Rs 2.70 levels, as discomS would continue to expect lower prices going ahead.

These bids also build expectations regarding the prices except in the 1,785 MW Rajasthan tender from SECI, whose results should be revealed soon. The tender has attracted a high response of more than 10 GW worth of bids already.

Image Source


Also read: Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh

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

Rewa Ultra Mega Solar's (RUMSL) third 500 MW auction received lower bids, as Saudi firm AlJomaih Energy, TP Saurya (Tata Power), and Water Company enclosed the Neemuch park bids. On the other hand, Tata Power won two packages of 170 MW and 160 MW at Rs 2.14 and 2.149 each. Aljomaih won the remaining 170 MW with a final bid of Rs 2.15/kWh. RUMSL is a joint enterprise of Urja Vikas Nigam Limited (MPUVN) of Madhya Pradesh and Solar Energy Corporation of India (SECI). These bids follow the previous 450 MW RUMSL solar auction, won by Talettutayi Solar Projects Nine (SolarArise) and NTPC Renewables (NTPC), with bids of Rs 2.34 per kWh and Rs 2.33 per kWh, each. The first 1500 MW of total auctions was held for Agra Solar park, where the bids for 550 MW capacity witnessed O2 Power (through Beempow energy Private Limited) and Avaada Energy acquiring the bids at Rs 2.45 (200 MW) and 2.44 (350 MW), each. After the government, the attractive bids made proved that they would have to take the impending duty structure into account from April 2022, which are indicating a positive mood between developers regarding the future. Although, these bids have assured buys already, which make sure that projects would continue on time, unlike many SECI sponsored auctions from 2020 that are still trying to find discom buyers. The results also indicate that the going would remain difficult for projects bid and won at more than Rs 2.70 levels, as discomS would continue to expect lower prices going ahead. These bids also build expectations regarding the prices except in the 1,785 MW Rajasthan tender from SECI, whose results should be revealed soon. The tender has attracted a high response of more than 10 GW worth of bids already. Image Source Also read: Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh Also read: NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

Next Story
Real Estate

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Magicbricks, India’s leading real estate platform, has released its PropIndex Report for July–September 2025, revealing signs of stabilisation in the housing market. Despite affordability pressures, housing demand grew 3.1 per cent QoQ, driven largely by compact homes. The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.While overall supply increased marginally by 1 per cent QoQ (–4.5 per cent YoY), property prices continued to rise. Pune (+41.4 per cent YoY), Mumbai (+29.6 per cent YoY), and Greater..

Next Story
Infrastructure Urban

Flytta Launches India’s First Retrofitted Electric Truck for the Heavy-Duty Segment

Flytta has unveiled India’s first retrofitted 13-ton payload capacity electric truck, specially designed for cement bag transportation across challenging ghat roads and industrial terrains. Developed by Kalyani Powertrain (KPTL)—the electric mobility arm of the Kalyani Group—the truck will operate with Dalmia Cement on the Yadwad–Goa corridor.This industry-first collaboration brings together Flytta’s sustainable logistics expertise, Kalyani’s engineering capabilities in EV retrofitting, and Dalmia Cement’s commitment to green manufacturing. The partnership marks a significant ste..

Next Story
Infrastructure Urban

REC Launches Rs 50.71 Mn Mobile Medical Units in Rajasthan

In a bid to make quality healthcare accessible to remote and underserved communities, REC has extended financial support of Rs 50.71 million under its CSR initiative to the Indian Red Cross Society, Alwar, for operating five Mobile Medical Units (MMUs) over the next three years.The MMUs were flagged off on October 5, 2025, by Bhupender Yadav, Hon’ble Union Minister of Environment, Forest & Climate Change, and Sanjay Sharma, Minister of Environment, Forest & Climate Change and Science & Technology, Government of Rajasthan.The event was attended by members of the REC CSR team, M L ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?