As a part of this bid, M/s Ostro Kutch Wind Private Limited was issued letter of award on 05.04.2017 for a capacity of 250 MW, with commissioning period of 18 months.
A part capacity of 126 MW, located in Bhuj (Gujarat) was commissioned by M/s Ostro on 24.08.2018, ahead of schedule.
The energy generated from this project is being purchased by Bihar, Odisha, Jharkhand and UP.
The first auction also signified a major shift from the earlier regime of state-specific feed-in-Tariff (FiT) model to a Pan-India, market-driven mechanism. Beginning with this tender, SECI has brought out five tenders for wind power projects of cumulative capacity of 7250 MW, of which 6050 MW capacity has been awarded.
Besides SECI and NTPC being central agencies, the State agencies of Tamil Nadu, Maharashtra and Gujarat have brought out bids and awarded projects based on tendering.
This 126 MW ISTS project marks the beginning of capacity additions in wind power based on market discovered tariffs, in line with the Government’s plan of 175 GW RE by the year 2022.