Karnataka Bid results against RFP for power purchase from 500 MW solar PV plants

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Karnataka had floated RFP for the purchase of electricity for 500 MW solar PV projects through tariff based competitive bidding. Many companies have participated in this bid with a wide range of proposed capacity. Now the result of the bidding is out and we have the successful bidders. Few are seems to be price competitive, however, most of the successful bidder bids at a very close price.

The lowest bidder price is 6.71/ kWh by Today Green Energy Pvt. Ltd (TGEPL). They have bidder for 100 MW and won 70 MW capacities in the bid. Highest won bid price is 7.12/kWh. This price was quoted by again Today green energy pvt. Ltd and Surana Telecom and Power Limited. Major players in the bid were Today green energy pvt. Ltd, Sun Edison Energy Holdings Singapore Pte Limited, Azure Power India  Private Limited, Welspun Renewables Energy Pvt. Ltd. Detailed list of winners are as follows:

Wiiner of Karnataka solar bid results

Sl. No. Capacity of Projects, MW Tariff Offered,
Rs. / kWh
1 M/s. Today Green Power Pvt. Ltd. 20 6.71
2 M/s. Asian Fab Tec Limited 10 6.74
3 M/s. Today Green Power Pvt. Ltd. 20 6.81
4 M/s. Sun Edison Energy Holdings Singapore Pte Limited 30 6.83
5 M/s. Sun Edison Energy Holdings Singapore Pte Limited 30 6.86
6 M/s. Azure Power India  Private Limited 50 6.89
7 M/s. Sun Edison Energy Holdings Singapore Pte Limited 30 6.89
8 M/s. Sun Edison Energy Holdings Singapore Pte Limited 30 6.92
9 M/s. Azure Power India  Private Limited 40 6.93
10 M/s. Asian Fab Tec Limited 5 6.94
11 M/s. Today Green Power Pvt. Ltd. 10 6.95
12 M/s. Azure Power India  Private Limited 40 6.96
13 M/s. Sun Edison Energy Holdings Singapore Pte Limited 30 6.97
14 M/s. Welspun Renewables Energy Pvt. Ltd. 50 7.01
15 M/s. Bhoruka Power Corporation Limited 20 7.02
16 M/s. Today Green Power Pvt. Ltd. 10 7.05
17 M/s. Welspun Renewables Energy Pvt. Ltd. 50 7.09
18 M/s. Kavit Industries Limited 5 7.1
19 M/s. Surana Telecom and Power Limited 10 7.12
20 M/s. Today Green Power Pvt. Ltd. 10 7.12

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