A 200MW solar tender floated by the Grid Corporation of Odisha (GRIDCO) has been significantly oversubscribed with a total of 845MW of technical bids from 14 players.
The results are a huge improvement on 2016’s 300MW solar tender in Odisha, issued by Solar Energy Corporation of India (SECI). That tender had to be pruned from its original 450MW billing and eventually only 270MW of capacity was awarded.
The initial bidders and their capacities in GRIDCO’s tender were as follows:
|Eden Renewable Varenne||50|
GRIDCO issued the tender in March this year and it shall enter into a power purchase agreement with the successful bidders for a period of 25 years from the commisioning date of the project.
The tender includes a pass-through option on the tariff in case of any change in the statutory laws like the imposition of an anti-dumping or safeguard duty on the Solar PV modules. However, this pass-through will be applicable for the imposition of any such duty between the date of submission of the bid and the invoice date of the solar PV modules procured for the project.
The state has a cumulative solar target of 2,378MW – which includes 1GW of rooftop solar – under the national target of 100GW of solar power by 2022.
German solar and storage firm IBC Solar commissioned a 27MW PV project in Odisha in April.