Developers sign PPAs for 550 MW capacity
Major wind power developers including Adani and Mytrah Energy today signed Power Purchase Agreements (PPAs) with Power Trading Corporation (PTC) for supply of 550 Mw power to states as part of India’s first wind power auctions scheme. The pacts were signed in the presence of power, coal, renewable energy and mines minister Piyush Goyal here.
As per the PPAs signed, Mytrah Energy, Inox Wind and Ostro Kutch Wind would supply power of capacity 250 MW each. Further, Green Infra would supply 249.9 MW and Adani Green Energy 50 MW from their wind power projects through inter-state transmission system at a tariff of Rs 3.46 per unit discovered through open and transparent competitive bidding process,” the ministry of New and Renewable Energy (MNRE) said in a statement.
“For the first tender, a tariff of Rs 3.46 per unit is great news. Feed-in tariffs can be good for initial hand-holding period and we can look ahead now. I have been told that for the second tender we have already received bids of about 2,800 MW,” Piyush Goyal said.
For these projects, Solar Energy Corporation of India (SECI) conducted e-reverse auction on in February this year and issued Letter of Award (LoA) to successful wind power developers in April. The wind power projects under first wind auction are likely to be commissioned by September 2018.
“As of today, we have 32.5 GW of installed wind capacity which amounts to only 10 percent of the total potential wind capacity. Earlier, transmitting wind energy from wind to non-wind states was a major challenge which prompted us to revise the wind policy. We are also planning to hold stakeholders sessions in order to address the challenges in the wind energy sector. The minister has asked us to come up with bids every month,” MNRE Secretary Anand Kumar said.
PTC India has tied-up this wind power for sale to power distribution utilities of various states. As part of the scheme, Uttar Pradesh would receive 449.9 MW, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW, Assam 50 MW and Odisha 50 MW for meeting their Non-Solar Renewable Purchase Obligation (RPO).
MNRE had sanctioned a scheme for setting up of 1,050 MW inter-state transmission system (ISTS)-connected Wind Power Projects on 14 June last year with the objective to encourage competitiveness through scaling up of project size and introduction of efficient and transparent e-bidding and e-auctioning process.