Wind power tariffs followed the solar route and fell below Rs3.46 per kilowatt hour (kWh), in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI).
Mytrah Energy (India) Ltd, IDFC Alternatives-backed clean energy firm Green Infra Ltd, global private equity fund’s Actis Llp’s platform Ostro Kutch Wind Pvt. Ltd and Inox Wind Infrastructure Services Ltd bid Rs3.46 per unit to win contracts for 250 MW each, said several people aware of the development.
These firms quoted these prices, at which they will sell electricity, to win contracts for the tender that had received 2.6 times the grid-linked capacity being sold. Tariffs have hitherto ranged from Rs3.9 per kWh to Rs5.9 per kWh.
“After solar cost reduction below Rs3/unit, wind power cost down to Rs3.46/unit through transparent auction. A green future awaits India,” said Piyush Goyal, minister for power, coal, mines and new and renewable energy in a tweet.
The sector has been hit by inordinate delays in signing of power purchase agreements and untimely payments; distribution firms have shied away from procuring electricity generated by wind projects.
source: http://www.livemint.com
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