Govt mulling 2-3 auctions for wind projects

Buoyed by the success of two tariff-based bidding for wind power projects, the government will go ahead with 2-3 more such auctions for around 3 Gw capacity, which may stagger to 2018, an official said. The tariff-based competitive bidding for 1 Gw wind projects brought down the tariff to a record low of ~3.46 per unit in February this year, which further dropped to all time low of ~2.64 per unit in a similar auction earlier this month. The Staterun Solar Energy Corporation of India (SECI) was the nodal agency for conducting these two auctions. “We will go for 2-3 more such auctions for the wind power projects as there were very encouraging results in bidding this month for 1 Gw capacity where tariff dropped to ~2.64 per unit,” a senior official said.