Govt to complete process for awarding 1K MW wind projects by December – Feedback

New and Renewable Energy Ministry expects to complete the process for awarding 1,000 MW wind power projects worth around Rs 6,000 crore by December-end.

“The nodal agency Solar Energy Corporation of India (SECI) has already floated Request for Selection (RFS) document for selection of bidders under the scheme for awarding 1,000 MW of wind power projects,” a senior official said. The official further said, “The entire process under international competitive bidding will be completed by the end of the this year. The last date for submission of financial bids is December 15, 2016 after which bids will be opened and evaluated.” About the reserve price or per unit rate of energy to be supplied by these bidders, the official said, “The government has not kept any reserve price and left it to the market to decide the rate. At present, wind power price ranges between Rs 3.9 per unit (lowest in Tamil Nadu) and Rs 5.5 per unit in other states.”

http://economictimes.indiatimes.com/industry/energy/power/government-to-complete-process-for-awarding-1k-mw-wind-projects-by-december/articleshow/55224129.cms

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