Adani, Azure wins 100 MW Grid-Connected Solar tender at Ananthapuramu Solar Park Under DCR

Adani and Azure Power has bagged 50MW solar capacity tender each in the state of Andhra Pradesh reports consultancy firm Mercom Capital Group.

Solar Energy Corporation of India (SECI) auctioned 100 MW of grid-connected solar under the domestic content requirement (DCR) category at Ananthapuramu solar park in Andhra Pradesh.  Under the DCR it is mandatory for winning developers to use solar equipment sourced from within India.

The 100 MW project comes under the JNNSM Phase-II, Batch-III, Tranche-IV program. The benchmark tariffs set for this tender is Rs. 4.43/kWh (USD 0.065) for 25 years. However, benchmark tariffs in SECI tenders are due to reduce in any state that has already seen tariffs go below 4.50 rupees in other tenders.

An SECI official speaking to the research firm said that Adani won bids by quoting a Viability Gap Funding (VGF) in the amount of Rs.12.7 million (US $187,094), while Azure won bids under VGF in the amount of Rs.13 million (US $191,513).

The projects will be developed on a Build Own Operate (BOO) basis for SECI and are expected to be commissioned by the end of FY 2017.

According to Mercom’s India Solar Project Tracker, out of the total 2,510 MW of solar projects tendered under JNNSM Phase-II, Batch-III, 200 MW were under the DCR category and 2,195 MW were under the open category.