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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

NameNo of projectsADTariffQualified
MIRA JAVAS (Trina)2NO         5.21YES
MARIKAL ( First solar)2NO         5.35YES
SUN EDISON10NO         5.37YES
ENERGON10NO         5.39YES
RENEW5NO         5.39YES
ADITYA BIRLA2NO         5.45YES
ESSEL GREEN2NO         5.49YES
TATA POWER4NO         5.49YES
RELIANCE10NO         5.52YES
FRV(FOTOWATIO)2YES         5.57YES
BRIONA1NO         5.65YES
SBG10NO         5.65YES
YARROW (INDIABULLS)10NO         5.67YES
JSW1NO         5.71YES
AZURE4YES         5.73YES
FORTUM2NO         5.75YES
GREENKO1NO         5.76YES
SOLAIRE DIRECT2NO         5.80YES
PRYATNA (ADANI)10NO         5.85YES
SHAPOORJI PALOONJI4NO         5.85YES
ACME3NO         5.89YES
WELSPUN1NO         5.90YES
SKY POWER2NO         5.94YES
AMITY1NO         5.95YES
AMPL(ATHA GROUP)1NO         5.96YES
ORANGE4NO         5.98YES
ENEL GREEN1NO         5.99YES
HERO2NO         6.01YES
SURYA VIDYUT1YES         6.18NO
SUZLON1NO         6.45NO

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Anand Gupta Editor - EQ Int'l Media Network

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