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Renewable Energy | May 17, 2012
#19805

Welspun to set up 125 mw solar project

Reports suggest that Welspun Solar MPwill put up one solar photo voltaic project of 100 mw and another of 25 mw capacity in Madhya Pradesh after the state government chose the company for the projects. 
 
 The company is oneamong the four winning bidders for solar projects in the state and it offered a tariff of Rs 8.05 a unit.Madhya Pradesh received bids for 430 mw for its tender for 200 mw, from 12 developers, including known names such as Azure (which submitted a bid for 5 mw), BGR Energy (10 mw), Essel Infra Properties (30 mw) and IL&FS (50 mw).  
 
 Generally, a solar power project costs Rs 10 crore a mw. The other winning bidders are: Alpha Infra Properties 20 mw at Rs 7.90 a unit (the least of the four), Simplex 10 mw at Rs 9.59 a unit and Acme Telepower 45 mw for Rs 12.45 (the highest tariff).
 
 Madhya Pradesh also followed a ‘reverse bidding' process under which it would award projects to those who offer to sell power at the best (least) rates. The MP programme is for 200 mw, which means it would award projects up to a total of 200 mw. The tariffs offered in the Madhya Pradesh programme reveal a hardening of rates.
 

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