Tariffs in the wind auction conducted by the renewable energy ministry in February were in the range of Rs 2.82 to Rs 2.83 per unit
BENGALURU: Wind power tariffs remained unchanged from the beginning of the year in the 745 MW of capacity awarded through auction by Gujarat’s state utility on Monday, several developers told ET. Tariffs in the wind auction conducted by the renewable energy ministry in February were in the range of Rs 2.82 to Rs 2.83 per unit.
The latest auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) saw Enerfra win 40 MW of capacity at Rs 2.80 per unit, and Powerica and Vena win 50 MW and 100 MW capacities, respectively, at Rs 2.81 per unit. France’s EDF, Renew Power, Adani and Inox Wind were the other winners whose tariffs were in the Rs 2.87-2.95 per unit range.
“This bid reflects the positive health of utilities in the state of Gujarat and excellent support from partners,” said UB Reddy, managing director of Enerfra.
The state utility’s tender was undersubscribed—of the 1,000 MW of capacity put up for auction, bids were received for only for 853 MW, of which the 745 MW was allotted.
ET’s queries to GUVNL seeking details of the auction remained unanswered till as of press time.
“Because the developers knew that GUVNL got bids less than what they were requiring, nobody has moved. So it was very clear people from the start that participants will not bid aggressively,” said a developer, requesting not to be named.
Tariffs have risen substantially from last year’s auction conducted by the state where the winning tariffs were in the range of Rs 2.43-2.44 per unit.
Some developers said that since GUVNL had cancelled a solar auction recently—because it felt the tariffs were too high—the industry felt the future of this auction too would be uncertain. “They may even pick and choose which winners would get capacities allotted and which won’t. There is no sanctity in bidding anymore,” said the person cited earlier.
Source: energy.economictimes.indiatimes
