Winners of SECI’s 1.2 GW wind auction in Karnataka
POWER & RENEWABLE ENERGY

Winners of SECI’s 1.2 GW wind auction in Karnataka

Adani Power, JSW Energy, Ayana Renewable and Evergreen Renewables emerged as winners in the Solar Energy Corporation of India’s (SECI) pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka.

Adani Renewable Energy Holding Fifteen won 300 MW of the auctioned capacity, quoting the lowest tariff of Rs 2.77 per kWh.
Evergreen Power Mauritius won 150 MW at Rs 2.78 per kWh.
Ayana Renewable Power Six won 300 MW at Rs 2.78 per kWh.
JSW Energy got 450 MW at Rs 2.78 per kWh.

The last pure wind capacity auction in the country was conducted 18 months ago. In the last one year or so, the government has been keen on inviting bids for solar and hybrid (wind and solar at 8:2 ratio) power projects, while pure wind power projects did not get attention.

Until this auction, wind auctions in India witnessed a lukewarm response from bidders. SECI’s 2019 wind auctions attracted only two bidders, with developers claiming that SECI had been practising a “ceiling tariff” policy.

Capacity Utilisation Factor (CUF) is the measure of total wind power potential in a region. If CUF is higher than 35, it means the region has a potential of 57 GW.

The bidders who failed to make the cut in the latest auction are:

AMP Energy for 150 MW at Rs 2.88/kWh
Azure Power, who bid for 300 MW at Rs 2.79/kWh
Halvad Renewables for 300MW at Rs 3.39/kWh
O2 Power SG for 300 MW at Rs 2.80 kWh
Renew Vyan Shakti for 300MW at Rs 3.28/kWh
Sirdi Sai Electricals for 300 MW at Rs 2.84/ kWh
Tunga Renewable for 150 MW at Rs 3.04/kWh

Image Source


Also read: Part of first reverse wind auction opened

Also read: Payment delays increase risk and project costs for solar and wind projects in many states

Adani Power, JSW Energy, Ayana Renewable and Evergreen Renewables emerged as winners in the Solar Energy Corporation of India’s (SECI) pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka. Adani Renewable Energy Holding Fifteen won 300 MW of the auctioned capacity, quoting the lowest tariff of Rs 2.77 per kWh.Evergreen Power Mauritius won 150 MW at Rs 2.78 per kWh. Ayana Renewable Power Six won 300 MW at Rs 2.78 per kWh. JSW Energy got 450 MW at Rs 2.78 per kWh. The last pure wind capacity auction in the country was conducted 18 months ago. In the last one year or so, the government has been keen on inviting bids for solar and hybrid (wind and solar at 8:2 ratio) power projects, while pure wind power projects did not get attention. Until this auction, wind auctions in India witnessed a lukewarm response from bidders. SECI’s 2019 wind auctions attracted only two bidders, with developers claiming that SECI had been practising a “ceiling tariff” policy. Capacity Utilisation Factor (CUF) is the measure of total wind power potential in a region. If CUF is higher than 35, it means the region has a potential of 57 GW. The bidders who failed to make the cut in the latest auction are: AMP Energy for 150 MW at Rs 2.88/kWh Azure Power, who bid for 300 MW at Rs 2.79/kWh Halvad Renewables for 300MW at Rs 3.39/kWh O2 Power SG for 300 MW at Rs 2.80 kWh Renew Vyan Shakti for 300MW at Rs 3.28/kWh Sirdi Sai Electricals for 300 MW at Rs 2.84/ kWh Tunga Renewable for 150 MW at Rs 3.04/kWh Image Source Also read: Part of first reverse wind auction opened Also read: Payment delays increase risk and project costs for solar and wind projects in many states

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Next Story
Infrastructure Energy

ONGC To Invest Rs 8.11 Billion In Andhra Onshore Oil, Gas Project

The Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8.11 billion for the onshore development and production of oil and gas from 172 wells across eight Production Mining Licence (PML) blocks in Andhra Pradesh.A committee under the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) for the project during a review meeting held last month.According to the Expert Appraisal Committee (EAC) minutes, the total project cost is estimated at Rs 8.11 billion, with a capital allocation of Rs 172 million towards the Environment Managem..

Next Story
Infrastructure Energy

Tripura To Supply 40 MW Power To Mizoram For Christmas

The Tripura State Electricity Corporation Limited (TSECL) will supply 40 megawatts (MW) of power to Mizoram during the upcoming Christmas celebrations, continuing a long-standing tradition of power exchange between the two north-eastern states, officials confirmed on Sunday.During Durga Puja, the Mizoram State Power Corporation (MSPC) had supplied an equivalent 40 MW of electricity to Tripura to ensure an uninterrupted power supply during the festive period.“We had an agreement to receive 40 MW during Durga Puja, although the full amount was not utilised due to lower-than-expected demand in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?