Tata Power and Aljomaih win RUMSL's solar park auction
POWER & RENEWABLE ENERGY

Tata Power and Aljomaih win RUMSL's solar park auction

Rewa Ultra Mega Solar's (RUMSL) third 500 MW auction received lower bids, as Saudi firm AlJomaih Energy, TP Saurya (Tata Power), and Water Company enclosed the Neemuch park bids.

On the other hand, Tata Power won two packages of 170 MW and 160 MW at Rs 2.14 and 2.149 each. Aljomaih won the remaining 170 MW with a final bid of Rs 2.15/kWh.

RUMSL is a joint enterprise of Urja Vikas Nigam Limited (MPUVN) of Madhya Pradesh and Solar Energy Corporation of India (SECI).

These bids follow the previous 450 MW RUMSL solar auction, won by Talettutayi Solar Projects Nine (SolarArise) and NTPC Renewables (NTPC), with bids of Rs 2.34 per kWh and Rs 2.33 per kWh, each.

The first 1500 MW of total auctions was held for Agra Solar park, where the bids for 550 MW capacity witnessed O2 Power (through Beempow energy Private Limited) and Avaada Energy acquiring the bids at Rs 2.45 (200 MW) and 2.44 (350 MW), each.

After the government, the attractive bids made proved that they would have to take the impending duty structure into account from April 2022, which are indicating a positive mood between developers regarding the future.

Although, these bids have assured buys already, which make sure that projects would continue on time, unlike many SECI sponsored auctions from 2020 that are still trying to find discom buyers.

The results also indicate that the going would remain difficult for projects bid and won at more than Rs 2.70 levels, as discomS would continue to expect lower prices going ahead.

These bids also build expectations regarding the prices except in the 1,785 MW Rajasthan tender from SECI, whose results should be revealed soon. The tender has attracted a high response of more than 10 GW worth of bids already.

Image Source


Also read: Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh

Also read: NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

Rewa Ultra Mega Solar's (RUMSL) third 500 MW auction received lower bids, as Saudi firm AlJomaih Energy, TP Saurya (Tata Power), and Water Company enclosed the Neemuch park bids. On the other hand, Tata Power won two packages of 170 MW and 160 MW at Rs 2.14 and 2.149 each. Aljomaih won the remaining 170 MW with a final bid of Rs 2.15/kWh. RUMSL is a joint enterprise of Urja Vikas Nigam Limited (MPUVN) of Madhya Pradesh and Solar Energy Corporation of India (SECI). These bids follow the previous 450 MW RUMSL solar auction, won by Talettutayi Solar Projects Nine (SolarArise) and NTPC Renewables (NTPC), with bids of Rs 2.34 per kWh and Rs 2.33 per kWh, each. The first 1500 MW of total auctions was held for Agra Solar park, where the bids for 550 MW capacity witnessed O2 Power (through Beempow energy Private Limited) and Avaada Energy acquiring the bids at Rs 2.45 (200 MW) and 2.44 (350 MW), each. After the government, the attractive bids made proved that they would have to take the impending duty structure into account from April 2022, which are indicating a positive mood between developers regarding the future. Although, these bids have assured buys already, which make sure that projects would continue on time, unlike many SECI sponsored auctions from 2020 that are still trying to find discom buyers. The results also indicate that the going would remain difficult for projects bid and won at more than Rs 2.70 levels, as discomS would continue to expect lower prices going ahead. These bids also build expectations regarding the prices except in the 1,785 MW Rajasthan tender from SECI, whose results should be revealed soon. The tender has attracted a high response of more than 10 GW worth of bids already. Image Source Also read: Avaada Energy, O2 Power bag 550W solar project in Madhya Pradesh Also read: NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

Next Story
Resources

Hindware appoints Nirupam Sahay as the new CEO for its Bath and Tiles Business

Hindware, one of India’s leading bathware brands, has appointed Nirupam Sahay as its new Chief Executive Officer to spearhead the next growth phase for its sanitaryware, faucets and tiles businesses.Nirupam brings extensive leadership experience and a proven track record of driving growth and profitability across diverse sectors. He joins Hindware from Dixon Technologies, where he served as President of the Lighting Solutions Business. His career includes leadership roles at Philips Lighting, GE Capital, Whirlpool, and Asian Paints, giving him extensive experience in lighting, consumer durab..

Next Story
Infrastructure Urban

Old Goa Panchayat Demands Scrapping of Bainguinim Waste Mgmt Plant

The Old Goa Panchayat has called for the cancellation of the proposed waste management facility at Bainguinim, warning of potential protests if the government proceeds with the plan. At a press conference, Old Goa Sarpanch Medha Parvatkar, joined by other Panchayat members and concerned citizens, reiterated their opposition to the plant, which has been a source of dissent since 2002. “We have been against the plant since 2002. This area is home to the world heritage site of Old Goa, which includes churches, temples, mutts, schools, and a hospital. We are concerned that the plant could result..

Next Story
Infrastructure Urban

Knauf India Appoints Vijay Mishra as Commercial Director

Knauf, World’s No. 1 company in Drywall & Ceiling Solutions, has appointed Vijay Mishra as its Commercial Director for India operations. With over 23 years of extensive experience in sales, marketing, and business development, Mishra brings a wealth of expertise and leadership that will propel Knauf India into a new era of growth and innovation. Prior to joining Knauf India, Mishra held key roles at various reputed brands, like, H & R JOHNSON, RAK Ceramics, Kajaria Ceramics Limited, Saint - Gobain India and Century Plyboards, where he demonstrated exceptional leadership in strategic plannin..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000