Karnataka retenders remaining 650MW from 1.2GW solar issuance

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
KREDL had originally tendered for 1.2GW, but was only able to award 550MW. Credit: Government of Karnataka

The Karnataka Renewable Energy Development Limited (KREDL) has retendered 650MW of solar capacity at the Pavagada Solar Park.

KREDL had originally tendered for 1.2GW, but was only able to award 550MW after receiving a poor response from bidders. It now plans to bid out the remaining 650MW, with individual projects to stand at 50MW each. Bidders can play for the full 650MW or 50MW blocks.

Projects will be carried out on a Build-Own-Operate basis and the deadline for bid-submissions is 10 May 2018. ESCOMs of Karnataka will sign 25-year power purchase agreements (PPAs) for the solar generation from these plants.

Since the original tender, Ministry of New and Renewable Energy (MNRE) and other government bodies have come out with clarifications regarding ‘Change in Law’ provision, customs duty and GST tax, which should help spur India’s PV tendering programme, but the threat of safeguard duty remains an uncertainty for the sector.

Equis Energy recently commissioned its largest solar project, a 135MW farm in Bagalkot District in Karnataka.

Sunil Jain, chief executive and executive director of Delhi-headquartered renewable energy developer, Hero Future Energies, has also spoken to PV Tech about his surprise at the bid prices in Karnataka's 860MW district bid for 20MW individual projects.

Read Next

PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.
PV Tech Premium
March 26, 2021
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
March 19, 2021
Indian PV developer Adani Green Energy has raised a US$1.35 billion debt package to initially support the construction of a 1.69GW hybrid portfolio of solar and wind projects in the state of Rajasthan.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021