1000 MW of projects across coun­try auc­tioned at 3.46 per unit of energy

.₹

The Economic Times - - Economy: Macro, Micro & More - Kaavya.Chan­drasekaran @times­group.com

New Delhi: In­dia’s am­bi­tious green energy pro­gramme took a gi­ant leap as the coun­try’s first wind energy auc­tion has seen tar­iff drop­ping dra­mat­i­cally to .₹ 3.46 per unit, mir­ror­ing the steep fall in so­lar power sec­tor and giv­ing coal-fired plants an­other emis­sion-free and com­pet­i­tive ri­val to worry about.

So­lar tar­iffs have al­ready fallen to .₹ 2.97 per unit af­ter a se­ries of auc­tions in re­cent years in which com­pa­nies quot­ing the low­est tar­iff were awarded projects.

“These are ex­cit­ing times, cleaner times. Our in­ten­tion is to pro­vide af­ford­able 24x7 power, pro­tect the en­vi­ron­ment & leave be­hind a brighter and cleaner fu­ture for the next gen­er­a­tion,” Piyush Goyal, the min­is­ter for power, coal, re­new­able energy & mines, told ET.

The auc­tion, con­ducted by So­lar Energy Cor­po­ra­tion of In­dia, in­vited bids for 1,000 mW of wind projects that could be set up any­where in the coun­try. The win­ners are My­trah Energy (In­dia) Pvt Ltd, Green In­fra Wind Energy Ltd, Inox Wind In­fra­struc­ture Ser­vices Ltd and Ostro Kutch Wind Pvt Ltd. All quoted iden­ti­cal tar­iff of .₹ 3.46 per kwH & have been awarded 250 MW each. Adani Green Energy (MP) also quoted the same tar­iff. An ad­di­tional project of 250 MW ca­pac­ity is likely to be awarded to it, even though the orig­i­nal auc­tion was for only 1000 MW. There were ten bid­ders in all.

So far, wind tar­iffs were set by reg­u­la­tors of the nine states pro­duc­ing wind power, un­like so­lar projects which for some years have been auc­tioned and awarded to com­pa­nies quot­ing the low­est tar­iff.

Wind energy tar­iffs have var­ied from a high of .₹ 6.04 per unit in parts of Ra­jasthan to .₹ 4.08 for some projects in Ma­ha­rash­tra.

Most tar­iffs have var­ied from .₹ 4 to .₹ 5 a unit. Other states where wind energy is gen­er­ated are Tamil Nadu, Gu­jarat, Andhra Pradesh, Te­lan­gana, Kar­nataka, Mad­hya Pradesh and Odisha.

The idea of hold­ing wind power auc­tions had been mooted by the Min­istry of New and Re­new­able Energy (MNRE) nearly a year ago, though three ear­lier at­tempts to hold them — once by Kar­nataka and twice by Ra­jasthan — had proved un­suc­cess­ful, with var­i­ous le­gal is­sues raised by wind power as­so­ci­a­tions hold­ing them up.

In Oct 2016, how­ever, the gov­ern­ment is­sued a for­mal no­tice to auc­tion 1000 MW of wind power projects. The last dates for sub­mis­sion of bids and their open­ing were twice de­ferred, un­til they were fi­nally opened on Thurs­day.

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