NTPC and AVAADA are the winners in the 500 MW Solar bid of Maharashtra

NTPC and AVAADA are the winners of MSEDCL 500 MW solar bid in Maharashtra. The discovered tariffs are 2.82 Rs/kWh for NTPC and Rs. 2.83/kWh for AVADA solar. The project developers can implement the project interstate or intrastate depending on the locational suitability of the developers. The PPA is for 25 years. The benchmark tariff in this tender was Rs. 2.85/kWh for reverse bidding. The other participants in the bid were Energizent power, Talettutayi solar, Tata Power, and Azure power. The highest bid was by Azure power at Rs. 3.09/kWh; about 9.57% higher as compared to the benchmark tariff.

The newly discovered tariff is lower than the previously discovered tariff, a month back of the order of Rs. 2.90/kWh. AVAADA solar also bagged about 25 MW capacity in the previous bid, while the SJVNL bagged about 200 MW capacity.