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					</table><p><a href="https://ntpcrel.co.in/" target="_blank" rel="noopener">NTPC Renewable Energy</a>, <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN Green Energy</a>, and <a href="http://www.hindujarenewables.com/" target="_blank" rel="noopener">Hinduja Renewables Energy</a> have won Rewa Ultra Mega Solar’s (<a href="http://rumsl.mp.gov.in/" target="_blank" rel="noopener">RUMSL</a>) auction to develop a 300 MW floating solar park (Phase II) at the Omkareshwar reservoir in Madhya Pradesh.</p>
<p>According to Mercom sources, SJVN Green Energy won 90 MW by quoting ₹3.79 (~$0.0458)/kWh, NTPC Renewable Energy 80 MW at ₹3.80(~$0.0459)/kWh, and Hinduja Renewables Energy 80 MW for the tariff of ₹3.89 (~$0.0470)/kWh.</p>
<p>RUMSL, the joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam, floated the tender for the project in April this year.</p>
<p><img decoding="async" class="aligncenter wp-image-57267 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final.png" alt="RUMSL 300 MW Floating Solar Phase II Auction Final" width="100%" height="100%" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final.png 702w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final-300x105.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final-650x227.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final-624x218.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/RUMSL-300-MW-Floating-Solar-Phase-II-Auction-Final-600x209.png 600w" sizes="(max-width: 702px) 100vw, 702px" /></p>
<p>The capacity under Phase II was retendered after it was <a href="https://www.mercomindia.com/ntpc-sjvn-hinduja-rumsls-phase-ii-300-mw-floating-solar-auction" target="_blank" rel="noopener">auctioned</a> first in November 2022, where the same entities had won different capacities at much lower rates.</p>
<p>Under Phase -II, the estimated 300 MW capacity of the floating solar park comprises three units of grid-connected floating solar photovoltaic projects.</p>
<p>The winners will have to set up the projects on a Build-Own-Operate basis.</p>
<p>RUMSL will provide the power evacuation infrastructure for the interconnection of the projects up to the delivery point.</p>
<p>The selected bidders will have to sign a 25-year power purchase agreement with Madhya Pradesh Power Management Company (<a href="https://www.mppmcl.com/" target="_blank" rel="noopener">MPPMCL</a>) on behalf of three state distribution companies.</p>
<p>The auction for the first phase (300 MW) was <a href="https://www.mercomindia.com/amp-energy-sjvn-and-nhdc-rumsls-floating-solar-auction" target="_blank" rel="noopener">conducted</a> in May 2022, in which Amp Energy, NHDC, and SJVN were declared winners.</p>
<p>Amp Energy had won 100 MW quoting a tariff of ₹3.21 (~$0.0387)/kWh, while NHDC had won 100 MW at ₹3.22 (~$0.0388)/kWh. SJVN had won the remaining capacity of 100 MW at ₹3.26 (~$0.0393)/kWh.</p>
<p>In June this year, NTPC Renewable Energy <a href="https://www.mercomindia.com/ntpc-issues-tender-floating-solar-projects-in-india" target="_blank" rel="noopener">invited</a> bids to appoint consultants to assess potential floating solar capacities in different states and union territories.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real time.</p>


NTPC, SJVN, Hinduja Win RUMSL’s Phase II 300 MW Floating Solar Auction

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