Mahindra Susten, SAEL, Avaada Among Winners in RUVNL’s 1 GW Solar Auction

Blupine, Jakson, and Shiva shared auction capacity


Mahindra Susten, Sunfree Energy (SAEL), Solarcraft Power India (Blupine Energy), Jakson, Shiva Corporation, Avaada Energy, and SJVN emerged winners in Rajasthan Urja Vikas Nigam’s (RUVNL) auction to supply 1 GW of power from state transmission utility (STU)-connected solar power projects in the state.

Mahindra Susten and SAEL won 200 MW each at a quoted tariff of ₹2.61 (~$0.032)/kWh. Avaada Energy won 200 MW at ₹2.62 (~$0.032)/kWh.

Blupine Energy won 150 MW by quoting 2.61 (~$0.032) /kWh, Jakson bagged 100 MW at ₹2.61 (~$0.032)/kWh.

Shiva Corporation secured 50 MW at ₹2.61 (~$0.032)/kWh. SJVN won 100 MW out of the quoted capacity of 300 MW under the bucket-filling method by quoting ₹2.62 (~$0.032)/kWh.

RUVNL 1 GW Solar Auction Updated

The tender was floated in January this year.

The projects must secure financial backing within a year of signing the power purchase agreement and must be operational within 18 months after that.

The solar project should be designed for interconnection with the pooling substation at the solar park through a dedicated cable at a voltage level of 33 kV.

The cost of transmission from the project up to the interconnection point, wheeling charges, and losses will be borne by the project developers.

The modules used in the project must be from the Approved List of Models and Manufacturers published by the Ministry of New and Renewable Energy.

The declared annual capacity utilization factor (CUF) should in no case be less than 19%, and the successful bidder must maintain generation to achieve annual CUF within + 10% and (-)15% of the declared value until the end of ten years from commissioning.

RUVNL will accept partial commissioning of the project, provided that the minimum capacity for the initial and any additional parts is 50 MW.

In March this year, RUVNL invited bids to set up 1,200 MW of solar power projects anywhere in India with a committed supply for at least six hours during the peak demand periods from an energy storage system.

Earlier, RUVNL had issued a tender to select solar project developers to set up 810 MW of STU-connected solar power projects on a build-own-operate basis in RVUNL’s Ultra Mega Solar Park in Bikaner.

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