30 Aug '16, 11am

SECI awards 65MW solar in Gujarat and 50MW under DCR in Karnataka

SECI awards 65MW solar in Gujarat and 50MW under DCR in Karnataka

Solar Energy Corporation of India (SECI) has awarded 40MW of solar PV capacity to Renew Solar Power and 25MW to Mahindra Renewables in the state of Gujarat under open category. The awards for 160MW of capacity in the same tender were previously made public, but now the last 65MW have been announced with Renew bidding for viability gap funding (VGF) of INR7.0198 million (US$104,700) and Mahindra once again bidding for a VGF of INR7.777 million. As usual for VGF bidding, the tariffs were fixed at INR4.43/kWh. In this particular batch of projects, 100% of the VGF will be dispersed to the developer on the commissioning of the plant. Meanwhile, SECI also obtains a bank guarantee for 20% of the VGF amount. Gujarat Industries Power (80MW), Orange (40MW) and Mahindra (40MW) had already been announced as winners from this tender. DCR in Karnataka SECI has also awarded Indian conglo...

Full article: http://www.pv-tech.org/news/seci-awards-65mw-solar-in-guj...

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