Inox Wind looks to sell its stake in new project - Feedback

Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said. Several buyers have shown interest, with ReNew Power, which lost out in the auction, close to clinching a deal.

Neither ReNew Power nor Inox Wind was willing to comment on the matter. Inox won the bid quoting a tariff of Rs 3.46 per unit, lower than the prevailing wind tariff, which varies between Rs 4 and Rs 6 across wind producing states that is fixed by each state’s power regulator. Mytrah Energy (India), Green Infra Wind Energy and Ostro Kutch Wind also won 250 MW each, with an identical tariff. Re-New Power had bid at Rs 3.47 per unit.

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