Lack of transmission infrastructure seems to have shown its impact on the financial considerations of project developers in India. The national level wind energy auction in India organised by NTPC, an Indian power generation company, saw an increase in the lowest tariff bid.
NTPC had offered 1.2GW of capacity wherein developers were free to set up projects at sites of their choosing.
NTPC received offers to set up 1,750MW from seven project developers. The lowest tariff bid was quoted by Sprng Energy at Rs 2.77/kWh (¢3.85/kWh) for 200MW. This was followed by Mytrah Energy which placed a bid for 300MW at Rs 2.79/kWh (¢3.88/kWh). Continuum Wind Energy and SITAC RE secured rights to develop 50MW each at Rs 2.80/kWh (¢3.90/kWh) and Rs 2.83/kWh (¢3.94/kWh), respectively. ReNew Power Ventures and Hero Wind Energy won 300MW each at Rs 2.81/kWh (¢3.91/kWh) and Rs 2.82/kWh (¢3.92/kWh), respectively. SITAC RE had placed a bid for 300MW but managed to capture just 50MW due to its relatively higher bid, and exhaustion of offered capacity. Adani Green Energy also offered to set up 300MW but had placed a bid of Rs 2.89/kWh (¢4.02/kWh), the highest and the only non-qualifying bid.
