BluPine, GRT Jewellers, Mahindra, JSW, NTPC Win SJVN’s 1.5 GW Solar Auction

The tender was floated in November last year


Solarcraft Power India 8 (BluPine Energy), GRT Jewellers, Furies Solren (Mahindra), JSW New Energy, and NTPC Renewable Energy were declared winners in SJVN’s auction to develop 1,500 MW of inter-state transmission system (ISTS)-connected solar power projects anywhere in India.

Solarcraft and GRT quoted ₹2.52 (~$0.0304)/ kWh to win 300 and 150 MW, respectively. Furies and JSW won 300 MW and 700 MW, respectively, quoting ₹2.53 (~$0.0305)/ kWh.

NTPC quoted ₹2.54 (~$0.0306)/ kWh for 300 MW but was allotted 50 MW.

The tender was floated in November last year.

Selected developers must undertake to pay payment security mechanism charges at ₹0.02 (~0.00024)/kWh to SJVN by offering a commensurate discount in the monthly tariff payment being made by SJVN.

Bidders were required to offer a project capacity between 50 MW and 750 MW. However, for projects located in northeastern states and special category regions, the minimum capacity can be 30 MW.

The developer is responsible for acquiring the land for the project.

To minimize technological risk and ensure timely commissioning, only commercially established and operational technologies should be employed for these projects.

SJVN has mandated the use of solar modules from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

Recently, SJVN Green Energy, a subsidiary of SJVN, invited bids to select developers to set up 1,500 MW of ISTS-connected wind and solar hybrid power projects in India.

Earlier, SJVN Green Energy invited bids to purchase or lease up to 1,000 acres of land in Assam for 28 years to develop 200 MW of solar power projects, including connectivity with the state transmission utility system.

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