Powerica has bagged Solar Energy Corporation of India’s (SECI) auction for setting up 500 MW interstate transmission system (ISTS) connected wind power projects (Tranche-XVII). Powerica was allotted 50 MW at a tariff of Rs 3.81 per kWh. The auction was undersubscribed (120 MW out of 500 MW). According to the tender provisions, this implied that only 80 per cent of the quoted capacity could be awarded. Thus, the total auction award was reduced to 96 MW (80 per cent of 120 MW).
Apart from Powerica, Adyant Enersol too bid for this auction (70 MW at a tariff of Rs 3.82 per kWh) . As the auction size was reduced to 96 MW, Adyant Enersol was only eligible for 46 MW (96 MW minus 50 MW). However, the company was not awarded any capacity as the tender mandated a minimum project capacity of 50 MW.
According to the tender guidelines, the successful bidder must establish the wind power projects, along with the necessary transmission network up to the interconnection/delivery point. The scope for the developer further includes identifying land, installing, owning the project, and securing connectivity and approvals. The tender has mandated that only type-certified wind turbine models listed in the Revised List of Models and Manufacturers are be permitted for deployment.
