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<p>The Grid Corporation of Odisha (<a href="http://www.gridco.co.in/" target="_blank" rel="noopener noreferrer">GRIDCO</a>) recently canceled 125 MW out of its recent auction conducted for 200 MW of grid-connected solar projects.</p>
<p>The GRIDCO has now <a href="https://mercomindia.com/l1-tariff-2-79-gridco-200-mw-solar-auction/" target="_blank" rel="noopener noreferrer">signed a 25-year PPA</a> to develop the remaining 75 MWs with Aditya Birla Renewables.</p>
<p>The capacity was <a href="https://mercomindia.com/gridco-200mw-solar-tender-odisha/" target="_blank" rel="noopener noreferrer">tendered</a> by GRIDCO in April 2018 and was oversubscribed by almost four times.</p>
<p>According to Mercom’s  <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener noreferrer">India Solar Project Tracker</a>, in the auction, Aditya Birla Renewables had quoted ₹2.79 (~$0.0406)/kWh to develop 75 MW of solar capacity. Sukhbir Agro bid ₹3.19 (~$0.0464)/kWh to develop 25 MW, Gupta Power quoted the same tariff to develop 20 MW. Eden Renewables quoted ₹3.19 (~$0.0464)/kWh to develop 50 MW and ACME Solar quoted a tariff of ₹3.20 (~$0.0466)/kWh to develop another 50 MW.</p>
<p><a href="https://mercomindia.com/gridco-asks-bidders-match-l1-tariff-solar/" target="_blank" rel="noopener noreferrer">Previously</a>, Mercom reported that the tariff above ₹3 (~$0.0429)/kWh mark was not financially feasible for GRIDCO and any tariffs over that could be canceled.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2019/01/gri.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-12362" src="https://mercomindia.com/wp-content/uploads/2019/01/gri.png" alt="Odisha Cancels 125 MW from its 200 MW Solar Auction as Bidders Refuse to Match Lowest Tariff" width="541" height="263" srcset="https://cms.mercomindia.com/wp-content/uploads/2019/01/gri.png 541w, https://cms.mercomindia.com/wp-content/uploads/2019/01/gri-300x146.png 300w" sizes="(max-width: 541px) 100vw, 541px" /></a></p>
<p>As the difference between L1 and the other bidders was more than ₹0.40 (~$0.0057)/kWh, GRIDCO asked the other bidders to match the lowest tariff of ₹2.79 (~$0.0406)/kWh. According to Mercom’s sources, despite the plea made by GRIDCO, the bidders denied to reduce the tariff rates. This, in turn, led to the cancellation of 125 MW of solar projects, and the capacity is now likely to be retendered by GRIDCO.</p>
<p>An official at Sukhbir Agro, whose 25 MW has been canceled, commented saying, “We have denied matching the L1 price as it is too low, and the other players are in the same price range”.</p>
<p>The solar industry is trying to overcome the safeguard duty and GST, but government agencies continue to insist on lower tariffs which developers feel are unviable.</p>
<p>&nbsp;</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/pratheeksha/" class="vcard author" rel="author"><span class="fn">Pratheeksha</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/12/Pratheekshar.png" width="111" height="109" /> is a Research Associate at Mercom India. Prior to Mercom, Pratheeksha was an Associate Analyst at GlobalData where she authored and published syndicated research reports in the power generation industry. She earned her bachelor’s degree in Electrical &amp; Electronics from PESITM and Master’s degree in Electrical Power Systems from the Adichunchanagiri Institute of Technology at VTU University.</p>
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Odisha Cancels 125 MW from its 200 MW Solar Auction as Bidders Refuse to Match Lowest Tariff

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