Mytrah Energy (India) Pvt Ltd (MEIPL), India’s leading independent power producer, has bagged an order for the development of 100 MW wind power project for the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) through the competitive bidding.
Mytrah quoted a tariff of ₹2.86 under the reverse E-Auction for 200MW capacity and won the bid for a capacity of 100 MW in Maharashtra to supply power to the MSEDCL.
Commenting on this new development, Vikram Kailas, Co-founder, Vice Chairman and Managind Director of Mytrah Energy said “Our most recent win at MSEDCL demonstrates Mytrah's strong renewable energy capabilities that will serve the increasing need for renewable energy in India. With our Pan-India presence and strong in-house technology we will help the government meet their renewable energy requirement to make the country more sustainable.”
A total of six companies participated in the reverse bidding, collectively submitting quotes for a cumulative capacity of 821.8MW. The bidders were given a choice to reduce the quoted capacity during re-auction.
Other winners are Adani Green Energy and KCT Renewable Energy Pvt Ltd, each with 75 MW at INR 2.85, Inox Wind with 50 MW of capacity, Hero Wind Energy Pvt Ltd with 75.6 MW all three at INR 2.86 and Torrent Power, which bid for 146 MW but was awarded 124.4 MW of capacity at INR 2.87.
The auction was conducted to seek bids to procure 500MW wind power supply from bidders post releasing a tender on 21 December 2017. The LoA was issued by MSEDCL on 28th June 2018 followed by the signing of PPA on 16th July 2018. The project shall be commissioned within 18 months from execution of power purchase agreement.
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