Wind tariff may nose down to Rs 4-4.5 per unit in 1-GW bids

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Wind tariff is likely to come in between Rs 4 and Rs 4.5 per unit — below the average of around Rs 5 — in the auction being conducted by SECI to set up 1,000 MW capacities for supply of power to non-windy states.

wind tariff

The state-run Solar Energy Corporation of India (SECI) is likely to complete the bidding of the wind projects by the month end.

According to PTI, the average tariff of wind power is around Rs 5 per unit. SECI has not provided any benchmark tariff in the auction. But it is likely to range between Rs 4-4.5 per unit, which would be below the average of Rs 5 per unit at present.

The last date for submitting financial bids is January 9, 2017. After that, it will take about three weeks to complete the procedure.

Later last year, SECI had floated tenders for total wind power capacity of 1,000 MW. The competitive bidding is tariff based and will be awarded to those quoting the lowest price (power tariff).

SECI will tie up long-term power purchase agreements of developers with non-windy states to whom power will be supplied through the central transmission utility.

Under the scheme, the government will not acquire land or equipment as developers will have to do that on their own. They would also run and maintain their plants.

According to the scheme, the project capacity will be determined by SECI for each tender, but will not be less than 25 MW for a single project developer at one site.

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