RUMSL’s 500 MW Neemuch Solar Auction Gets Lowest Tariff of ₹2.14/kWh

TP Saurya, a Tata Power subsidiary, and AlJomaih Energy and Water Company are winners in the Rewa Ultra Mega Solar Limited’s (RUMSL) auction for 500 MW of projects at the Neemuch Solar Park in Madhya Pradesh.
TP Saurya won a capacity of 170 MW quoting ?2.14 (~$0.028)/kWh and also a capacity of 160 MW quoting ?2.149 (~$0.0289)/kWh. Aljomaih Energy and Water Company won 170 MW at a tariff of ?2.15 (~$0.0289)/KWh.
Last month, NTPC Renewables and Talettutayi Solar Projects Nine (SolarArise) were declared winners in RUMSL’s auction for 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh. NTPC Renewables won a capacity of 105 MW quoting ?2.35 (~$0.0316)/kWh, and also a capacity of 220 MW quoting ?2.33 (~$0.0313)/kWh. Talettutayi Solar Projects Nine (SolarArise) won a capacity of 125 MW quoting ?2.339 (~$0.0314)/kWh.
Earlier, Avaada Energy and O2 Power were declared winners in the RUMSL’s auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh. Unit 1 Agar comprises 200 MW of the total capacity, and Unit 2 Susner comprises 350 MW.
Avaada Energy won a capacity of 200 MW, quoting ?2.459 (~$0.033)/kWh, and O2 Power won 350 MW, quoting ?2.444 (~$0.032)/kWh.
RUMSL had tendered 1,500 MW of grid-connected solar projects to be developed across the three solar parks in the state in 2018. However, due to central and state elections, the tenders were delayed.
Later, RUMSL had reissued the tender in January last year. The first tender was for developing 450 MW of grid-connected solar projects at the Shajapur Solar Park. The second tender was for 550 MW of solar projects at the Agar Solar Park, and the third tender was for 500 MW of solar projects at the Neemuch Solar Park. The tender underwent several bid submission deadline extensions after that.
The World Bank will finance the entire 1,500 MW capacity.
RUMSL is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited.
In January last year, RUMSL had invited proposals from interested consultants to set up solar parks in Madhya Pradesh. The International Bank for Reconstruction and Development will provide technical assistance through the Indian Renewable Energy Development Agency. The proposed solar parks are in four clusters/districts; cluster 1 (Sagar, Damoh, and Chhattarpur), cluster 2 (Morena), cluster 3 (Ratlam, Neemuch, and Mandsaur), and cluster 4 (Rewa and Satna).
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