Anniversory Offer

    Govt. lines up Rs. 6,000-cr Wind Power Projects

    Cushman Wakefield Real Estate Fund Flow
    New and Renewable Energy Ministry is all set to complete the process for awarding 1,000 MW Wind Power Projects of around Rs. 6,000-cr by the end of this year, said ministry sources elaborating that the entire process under international competitive bidding will be completed within the stipulated time lines and the last date for submission of financial bids is December 15, 2016, after which bids will be opened, evaluated, and awarded. The government has not kept any reserve price and left it to the market to decide the rate as currently wind power price ranges between Rs 3.9 per unit (lowest in Tamil Nadu) and Rs 5.5 per unit in other states. The ministry has already issued guidelines for transparent bidding process for implementation of the scheme for the required wind power projects connected to inter-state transmission system (ISTS). As per the laid down guidelines, the wind power projects will be selected through open and transparent competitive bidding followed by e-reverse auction and the capacity may go higher than 1,000 MW, if there is a demand from buying entities. The nodal agency- Solar Energy Corporation of India (SECI) has already floated Request for Selection (RFS) document for selecting the bidders under the scheme for awarding 1,000 MW of wind power projects, the sources claimed.
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