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Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity.

 

 Company Name  Status  Bid Capacity  Awarded Capacity  Quoted Tariff (INR/ kWh)
Ayana Renewable (CDC) Won 300 300 2.54
Renew Solar Power Won 300 300 2.54
Azure Power Maple Pvt Ltd Won 300 300 2.54
Mahindra Susten Won 250 250 2.54
Avaada Energy Won 350 50 2.55
SBE Renewables (Soft Bank) Lost 300 0 2.55

 

The table above shows details about the bidders and the quoted tariffs. The tender was oversubscribed with bidders bidding for a total capacity of 1800 MW. against the available capacity of 1200 MW.

The solar tender by the Solar Energy Corporation of India (SECI) saw discovery of tariff rates as low as INR 2.54 (USD 0.036/EUR 0.032) per kWh. The tender for 1200 MW interstate transmission system (ISTS)-connected solar projects (phase IV) across India was launched in February.

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