India's NTPC forced to invalidate 250-MW solar auction - report

Photo by: Azure Power (www.azurepower.com).

January 9 (Renewables Now) - Indian power major NTPC Ltd (BOM:532555) has been forced to void the results of a 250-MW domestic content solar tender in Andhra Pradesh as it was in conflict with rules by the World Trade Organisation (WTO), the Economic Times reports.

The auction was conducted in October 2017 and was won by Indian solar power producer Azure Power Global Ltd (NYSE:AZRE), which placed a winning bid of INR 3.14 (USD 0.049/EUR 0.041) per kWh. The company was to build one or several solar parks at an unspecified location anywhere in India and supply power to NTPC’s unit NTPC Vidyut Vyapar Nigam (NVVN) for 25 years. The project had to be developed under the domestic content requirement (DCR) category with locally-made equipment.

Citing unnamed sources familiar with the matter, the Economic Times wrote that a mention that the New Delhi Municipal Corp (NDMC) would buy the output of the proposed plant caused the cancellation of the tender as it was in breach of rules of the WTO.

Confirming the development, secretary of the Ministry of New and Renewable Energy Anand Kumar told the Economic Times that the tender will be re-launched. He also said the winning bid this time could be even lower.

(INR 10 = USD 0.157/EUR 0.132)

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Veselina Petrova is one of SeeNews Renewables most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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