Flickr: Colin Houston

Flickr: Colin Houston

UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).

Tamil Nadu Generation and Distribution Corporation’s (TANGEDCO) tender was massively oversubscribed and even had one company, NLC, apply for the full 1.5GW. Many of the major Indian PV players stayed away from the tender and multiple local firms were interested.

The results were as follows:

DeveloperTariff (INR/kWh)Capacity bid for
Raasi Green Earth Energy3.47100
Sai Yothi Infrastructure3.654
Solitaire BTN Solar3.69150
Narbheram Vishram3.85100
NVR Energy3.85100
Rays Power Infra3.85200
Dynamize Solar3.875
ReNew Solar Energy Rajasthan3.89100
Clean Solar Power3.9104
SRL Green and Clean Power3.96
Tallettutayi Solar Projects3.950
Dev International3.951
G.R. Thanga Maligai & Sons3.9610
G.R. Thanga Maligai Firm3.9610
G.R.T. Silverwares3.9610
Shapoorji Pallonji3.9650
NLC India3.971,500
VSR Solar Power3.9850
GRT Jewellers India3.9952
C.R. Garments42.5
Indira Damper Industries45
Indira Industries45
Mag and Company42.5

It is quite possible that NLC, which put in a bid of INR3.97/kWh, will be given all the remaining capacity not already taken up by developers who put in lower bids. This would mean it could win up to a massive 449MW, but this has not been confirmed.

One analyst told PV Tech that “anything can happen”.

Earlier this week, the Tamil Nadu Energy Development Agency (TEDA) issued a request for proposals (RfP) for the building and maintenance of infrastructure for another 500MW solar park.

This article has been revised to sauy that NLC could win up to 449MW capacity.

Tags: tamil nadu, india, auction, tender, raasi, nlc, tariff