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Andhra Pradesh 500 MW Solar Tender Bidding Results

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28 Bidders have been selected to move to the second round of electronic bidding. The First round bidding results for 500 MW Solar Power Projects to be set up in Andhra Pradesh under JNNSM has just been released

Lowest bids have been placed by Trina Rs.5.21 while the highest by Hero at Rs.6.01. The 28 selected bidders include Trina at 5.21, First Solar at 5.35, Sun Edison at 5.37, Energon at 5.39, Renew Power at 5.39, Aditya Birla at 5.45, Essel at 5.49, Tata Power at 5.49, Reliance at 5.52, Fotowatio at 5.57, Briona at 5.65, SBG (Soft Bank – Bharti – Foxconn) at 5.65, Indiabulls at 5.67, JSW at 5.71, Azure at 5.73, Fortum at 5.75, Greenko at 5.76, Solaire Direct at 5.80, Adani at 5.85, Shapoorji Paloonji at 5.85, Acme at 5.89, Welspun at 5.90, SkyPower at 5.94, Amita at 5.95, Atha at 5.96, Orange at 5.98, Enel at 6.99 and finally Hero at 6.01

Bids were submitted by 30 Bidders for 5.5 GW Projects. Surya Vidyut (Quoted 6.18) and Suzlon (Quoted 6.45) has been disqualified) Looking at the bids quoted it is easily visible that entire 500 MW might be allotted to Trina, First Solar,  SunEdison closing the allocations tomorrow below Rs.5.37.

This has definitely taken solar power tariffs in the country to a record low making it very challenging, highly competitive and low returns business.

Bidding Results are given below

Name No of projects AD Tariff Qualified
MIRA JAVAS (Trina) 2 NO          5.21 YES
MARIKAL ( First solar) 2 NO          5.35 YES
SUN EDISON 10 NO          5.37 YES
ENERGON 10 NO          5.39 YES
RENEW 5 NO          5.39 YES
ADITYA BIRLA 2 NO          5.45 YES
ESSEL GREEN 2 NO          5.49 YES
TATA POWER 4 NO          5.49 YES
RELIANCE 10 NO          5.52 YES
FRV(FOTOWATIO) 2 YES          5.57 YES
BRIONA 1 NO          5.65 YES
SBG 10 NO          5.65 YES
YARROW (INDIABULLS) 10 NO          5.67 YES
JSW 1 NO          5.71 YES
AZURE 4 YES          5.73 YES
FORTUM 2 NO          5.75 YES
GREENKO 1 NO          5.76 YES
SOLAIRE DIRECT 2 NO          5.80 YES
PRYATNA (ADANI) 10 NO          5.85 YES
SHAPOORJI PALOONJI 4 NO          5.85 YES
ACME 3 NO          5.89 YES
WELSPUN 1 NO          5.90 YES
SKY POWER 2 NO          5.94 YES
AMITY 1 NO          5.95 YES
AMPL(ATHA GROUP) 1 NO          5.96 YES
ORANGE 4 NO          5.98 YES
ENEL GREEN 1 NO          5.99 YES
HERO 2 NO          6.01 YES
SURYA VIDYUT 1 YES          6.18 NO
SUZLON 1 NO          6.45 NO

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Anand Gupta Editor - EQ Int'l Media Network