NHPC wins bid for solar project
- IBEF
- April 21, 2020
An e-reverse auction was completed by NHPC for developing a 2,000-MW Grid Connected Solar photo voltaic project. Around seven bidders took part in the e-reverse auction coming for an aggregate capacity of 3,140 MW.
As per company statement, “Against the total allocated capacity of 2,000 MW, lowest tariff of Rs 2.55 (US$ 0.03) a unit to Rs 2.56 (US$ 0.03) a unit was achieved against the initial quoted tariff of Rs 2.71 (US$ 0.038) a unit to Rs 2.78 (US$ 0.039) a unit. Despite complete lockdown in India due to Covid-19, NHPC successfully completed the e-reverse auction.”
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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