Results for the Solar Energy Corporation of India Limited’s (SECI) Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects located across India have been announced.
The projects will be set up on a build, own and operate basis. The tender was issued in May 2024. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited won 250 MW and 200 MW respectively by quoting Rs 2.48 per kWh of tariff. Blupine Energy quoted a tariff of Rs 2.49 per kWh and won 50 MW. Of the total capacity, only 500 MW was auctioned. SECI will sign power purchase agreements with the developers to procure solar power for a duration of 25 years.