NTPC emerges winning bidder at RUMSL’s 450 MW Shajapur Solar Auction

NTPC Renewable Energy Limited (NTPC) hasemerged as the winning bidder inthe auction conducted by Rewa Ultra Mega Solar Limited’s (RUMSL) for 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh.

A total of 15 bidders were shortlisted for the tender. NTPC has won a capacity of 105 MW quoting Rs 2.35 per kWh and a capacity of 220 MW quoting Rs 2.33 per kWh. The next bidderSolarArise won a capacity of 125 MW quoting Rs 2.339 per kWh. The tender had received a massive response from the bidders and was oversubscribed by 5.8 GW.

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