Tata Power Renewable wins hybrid energy auction
POWER & RENEWABLE ENERGY

Tata Power Renewable wins hybrid energy auction

Tata Power Renewable Energy (TPREL) was declared the winner in the auction by Tata Power Delhi Distribution (TPDDL) for 255 MW of wind-solar hybrid power projects. The company quoted a price of Rs 3 ($0.037)/kWh, according to Mercom.

The second lowest tariff bid was Rs 3.01 ($0.037)/kWh by Avaada Energy. The third was Rs 3.80 ($0.047)/kWh by ReNew Solar Power. The winning tariff is 28% higher than the lowest bid of Rs 2.34 ($0.029)/kWh discovered in the wind-solar hybrid (Tranche-IV) auction held in August last year. The significant increase in the tariff discovered in recent auctions reflects the impact of the Basic Customs Duty and the Approved List of Models and Manufacturers (ALMM) regulation on projects.

The tender was floated by the TPDDL in September to set up 255 MW of wind-solar hybrid power projects with a greenshoe option of an additional 255 MW across India on a build, own, and operate basis.

In the tender, TPDDL has specified the capacity break-up as 85 MW solar and 170 MW wind power.

TPDDL will enter into a 25-year power purchase agreement with the winning bidder.

Mercom’s recently released India Solar Market Leaderboard 1H 2022 ranks Tata Power Renewables second for the number of solar installations in 1H 2022, accounting for 10% market share.

See also:
Swiss firm Partners Group to buy majority stake in Sunsure
Indore plans India's first retail municipal green bond for solar plant


Tata Power Renewable Energy (TPREL) was declared the winner in the auction by Tata Power Delhi Distribution (TPDDL) for 255 MW of wind-solar hybrid power projects. The company quoted a price of Rs 3 ($0.037)/kWh, according to Mercom. The second lowest tariff bid was Rs 3.01 ($0.037)/kWh by Avaada Energy. The third was Rs 3.80 ($0.047)/kWh by ReNew Solar Power. The winning tariff is 28% higher than the lowest bid of Rs 2.34 ($0.029)/kWh discovered in the wind-solar hybrid (Tranche-IV) auction held in August last year. The significant increase in the tariff discovered in recent auctions reflects the impact of the Basic Customs Duty and the Approved List of Models and Manufacturers (ALMM) regulation on projects. The tender was floated by the TPDDL in September to set up 255 MW of wind-solar hybrid power projects with a greenshoe option of an additional 255 MW across India on a build, own, and operate basis. In the tender, TPDDL has specified the capacity break-up as 85 MW solar and 170 MW wind power. TPDDL will enter into a 25-year power purchase agreement with the winning bidder. Mercom’s recently released India Solar Market Leaderboard 1H 2022 ranks Tata Power Renewables second for the number of solar installations in 1H 2022, accounting for 10% market share. See also: Swiss firm Partners Group to buy majority stake in SunsureIndore plans India's first retail municipal green bond for solar plant

Next Story
Infrastructure Urban

CMPDI installs bio-toilets to boost sanitation and hygiene

The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited under the administrative control of the Ministry of Coal, has installed six modern bio-toilets equipped with bio-digesters and water tanks across various locations in Ranchi. The initiative was carried out under the ongoing Special Campaign 5.0, underscoring CMPDI’s commitment to cleanliness and sustainable sanitation. This effort forms part of a nationwide drive to enhance hygiene standards and improve efficiency in public offices. It aligns with the Government of India’s Swachh Bharat Mission and ..

Next Story
Infrastructure Urban

PM Modi unveils Rs 12.19 billion projects in Kevadia

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stones for development projects worth Rs 12.19 billion in Kevadia on the eve of Sardar Vallabhbhai Patel’s 150th birth anniversary. The projects include the Birsa Munda Bhavan—an iconic centre dedicated to Bhagwan Birsa Munda—a residential complex for GSEC and SSNNL employees, the first phase of the hospitality district, and a Bonsai Garden. During the visit, the Prime Minister also flagged off a fleet of electric buses in Kevadia, an initiative aimed at providing comfortable and sustainable transport facilities for v..

Next Story
Infrastructure Transport

New metro link to connect Delhi airport’s T1 and T3

A new metro station will be part of the upcoming Golden Line to provide direct connectivity between Delhi airport’s Terminal 1 (T1) and Terminal 3 (T3), a senior official confirmed. Among the three terminals at the Indira Gandhi International Airport, Terminals 2 and 3 are located close to each other, while Terminal 1 lies a few kilometres away. In an interview with PTI, Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar said that the new integrated station is being planned to link Aerocity with Terminal 1. “The Golden Line was earlier planned to terminate at Aerocity. We h..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?