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ZERO VGF, All Time Low Solar Tariffs at SECI’s VGF Based Maharashtra Solar Tender


Results are just out for the SECI’s VGF Based Tender for 450 MW Solar PV Power Projects to be set up in the Indian state of Maharashtra . New Names, all time low Solar Prices seems like a phenomena nowadays and solar tariffs will be hitting the headlines tomorrow morning not only in India but internationally.


Bhageria Industries emerged L1 quoting zero VGF with tariff of Rs.4.41 / kWh and won 30MW. L2 is Solar Arise Company Talettutayi Solar Projects quoting Rs.46 Lacs/MW as VGF and winning 50MW at Rs.4.43 . L3 is well known wind developers and AT Capital backed Orange Renewable quoting Rs.47.743 lacs/MW and winning 100 MW Projects at Rs.4.43 , L4 is Sepset Constructions quting VGF of Rs.53.50 Lacs and winning 10 MW. L5 is Krishna WindFarms quoting Rs.53.5 Lacs / MW winning 10 MW at Rs.4.43. L6 is AMPL Cleantech (Atha Group) winning 50 MW quoting VGF of Rs.53.75 LAcs / MW at tariff of Rs.4.43 per/kWh. Welspun emerged L7 quoting Rs.53.75 lacs / MW at tariff of Rs.4.43 for 100 MW Project. Final and last bidder is L8 – Suzlon quoting VGF of Rs.54 lacs / MW at tariff of Rs.4.43 winning the remainder bids.
Except Bhageria , the other bidders did not bid that aggressive. So relatively better levels. Hearty congratulations to the winning bidders once again, Bhageria, SolarArise, Orange, Sepset, Krishna Windfarms, Atha Group, Welspun and Suzlon
Anand Gupta Editor - EQ Int'l Media Network


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