, India

Karnataka's 860 MW solar PV tender is largely oversubscribed

26 bidders submitted a total capacity of 3.3GW.

According to the Karnataka Electricity Regulatory Commission (KERC) (India), the 860 MW solar PV auction launched in December 2017 with the deadline set for January 2018 has been oversubscribed four times and a total of 26 bidders submitted a cumulative capacity of 3,320 MW. The state authorities have thus decided to set up a sharp cut in the base bidding tariff. The maximum bid tariff bid that can be submitted in the tender has been reduced by 18% from the previous INR4.36/kWh (US$6.9c/kWh) to INR3.57/kWh (US$5.6c/kWh).

Moreover, the Karnataka Renewable Energy Development Limited (KREDL) has released another 1,200 MW solar PV tender located at the Pavagada Solar Park. It will include 24 blocks of 50 MW each and the minimum capacity for the bids is 50 MW. The deadline for the new tender has been set on February 2019 and works will be carried out on a build-own-operate (BOO) basis.

This article was originally published by Enerdata.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Could coal-based power still get funding
Asian markets have increased coal output to meet energy demand.
Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.