{"id":13414,"date":"2013-06-21T09:48:06","date_gmt":"2013-06-21T04:18:06","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=13414"},"modified":"2013-06-21T09:48:06","modified_gmt":"2013-06-21T04:18:06","slug":"punjab-follows-lead-of-other-states-by-auctioning-solar-power-plants-at-low-prices","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2013\/06\/21\/punjab-follows-lead-of-other-states-by-auctioning-solar-power-plants-at-low-prices\/","title":{"rendered":"Punjab follows lead of other states by auctioning Solar Power plants at low prices"},"content":{"rendered":"<p>The Indian states have been building large amount of solar capacity through the <strong>reverse auction process<\/strong> of giving out solar power farms to developers. The prices have been quite low for these ground mounted farms and Punjab managed to get bids of <strong>13-14c\/Kwh<\/strong> for the 250 MW of capacity it gave out to developers.<\/p>\n<p><strong><em>Read on GWI <a href=\"http:\/\/www.greenworldinvestor.com\/2013\/03\/18\/india-sees-solar-electricity-prices-of-12-16c-per-unit-in-reverse-auction-bidding\/\" target=\"_blank\" rel=\"noopener\">India sees Solar Electricity prices of 12-16c per unit in Reverse Auction Bidding<\/a>.<\/em><\/strong><\/p>\n<div>Note <strong>Punjab<\/strong> has expensive land which means that the bids would have been on the higher side than the ones received for <strong>Odisha<\/strong>. The <strong>Rs &gt; 7.5\/ kwh<\/strong> prices bid shows that some rationality has returned for the bidders. <strong>AP<\/strong> has recently received a very poor response to its 1 GW tender after setting very low prices of only 12c\/KwH. It has to go for a second round of bidding as there was no interest in the first round. Even in the second round people bid for only 350 MW out of the 1 GW on offer.<\/div>\n<p>The winners of the 5-30 MW projects are big developers like<strong> Welspun, Lanco <\/strong>and<strong> Moser Baer<\/strong> who have also built plants for the JNNSM Phase 1 project. 19 companies also won smaller projects of less than 5 MW size. The 250 MW of solar capacity should come up in 13 months for Punjab to sign a 25 year PPA with these developers. I think it\u2019s a good deal for Punjab, as I expect that electricity prices will be much higher on average during the next 25 years as fossil fuel resources get exhausted all over the world.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-06-14\/azure-solairedirect-among-winners-of-india-solar-power-licenses\" target=\"_blank\" rel=\"noopener\">Businessweek<\/a><\/p>\n<blockquote><p>Azure Power India Pvt. and Solairedirect SA were among winners of licenses to build a total of 250 megawatts of solar power in India\u2019s Punjab state.The state sold 200 megawatts of contracts of 5 megawatts to 30 megawatts each to companies with experience in the industry, It auctioned another 50 megawatts for projects of 1 megawatt to 4 megawatts, he said.Eight companies won licenses for the larger projects. World Bank-backed Azure Power submitted the lowest bids, pledging to sell power from two sites of 15 megawatts each at 7,670 rupees ($133) a megawatt-hour and 7,970 rupees a megawatt-hour. Other winners in the category were France\u2019s Solairedirect, Welspun Energy Ltd., Lanco Infratech Ltd. (LANCI) and Moser Baer India Ltd. (MBI)<\/p>\n<p>Nineteen companies won licenses for the smaller plants, with bids ranging from 7,200 rupees a megawatt-hour to 8,710 rupees a megawatt-hour, Singh said.The winners have 13 months to complete the projects and will sell their power under 25-year power purchase agreements with the state utility, the regulations show.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Indian states have been building large amount of solar capacity through the reverse auction process of giving out solar power farms to developers. The prices<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[30,45],"tags":[2734,3324,3676,4782,5837],"class_list":["post-13414","post","type-post","status-publish","format-standard","hentry","category-india-green-stocks-greeninvest","category-solar-renewable-energy-greeninvest","tag-india-green-stocks-greeninvest","tag-lanco-solar","tag-moser-baer","tag-solar-energy","tag-welspun-energy"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/13414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=13414"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/13414\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=13414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=13414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=13414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}