September 2 (Renewables Now) - An Indian wind tender targeting 1,800 MW of wind projects has attracted bids as low as INR 2.83 (USD 0.0039/EUR 0.036) per kWh, Mercom Capital reports.
The tranche VIII tender for interstate transmission system (ISTS) connected capacity was held by the Solar Energy Corporation of India (SECI) and awarded 439.8 MW of capacity. Thus, it became one of a series of SECI tenders facing a lack of interest, which unnamed stakeholders previously told Mercom, is a result of the low tariff ceiling.
SECI’s previous wind tender, held in May, also ended up more than 50% undersubscribed, with the lowest bid standing at INR 2.79/kWh.
In the latest round, tranche VIII, CLP India proposed to develop 250.8 MW of projects, while Avikiran Energy, part of Enel Green Power India, placed a bid for 300 MW at INR 2.84/kWh but was awarded 189 MW. The tender was capped at INR 2.85/kWh.
According to the government’s regulations, if a tender is undersubscribed, only 80% of the total bid capacity is awarded. In this tender’s case, that capacity stands at 439.8 MW.
(INR 10 = USD 0.139/EUR 0.127)