RENEWABLE ENERGY

O2 Power, Azure, Tata, and Amp Energy win NTPC’s 1.2 GW ISTS solar tender

The reverse auction for 1.2 gigawatt (GW) interstate transmission system (ISTS) solar tender conducted by NTPC on Thursday saw Gurugram-based O2 Power, Azure Power, and Tata Power emerging as winners with an aggressive tariff of Rs 2.43 per kilowatt hour (kWh).

The developers — O2, Azure, and Tata — secured project capacities of 400 megawatt (MW), 300 MW, and 370 MW, respectively, at a winning tariff of Rs 2.43 per kWh, according to JMK Research. Whereas, Amp Energy won 100 MW at a tariff of Rs 2.44 per kWh.

The tender has a minimum capacity utilisation factor condition of 19 per cent and a commissioning timeline of 24 months. In July, the tender had received bids of about 1.7 GW of capacity.

Source
ET Energy World
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