Sun Edison Won Auction for a 500 Megawatt Project in Andhra Pradesh by NTPC

In an e-reverse auction conducted by NTPC for 500 MW (10 projects of 50 MW each) to be set up at Ghani Solar Park in Andhra Pradesh under National Solar Mission, Phase-II, Batch-II, Tranche-I of Ministry of New & Renewable Energy, Govt. of India, NTPC received the lowest tariff of Rs. 4.63 per unit of electricity. 

Total 30 bids were received totalling to 5500 MW capacity .Lowest quoted tariff in price bid was Rs 5.21/Kwhr and weighted average quoted tariff in price bid was Rs 5.334/Kwhr 

E-reverse auction was conducted from 14:30 hrs of 03.11.2015 to 00:50 hrs of 04.11.2015. 

Weighted average quoted tariff at closing of e-reverse auction was Rs 4.63/Kwhr, with reduction of Rs 0.704/ Kwhr in the reverse auction. Sun Edison is the successful bidder.