- Tata Power Renewable Energy Limited (TPREL) has won the Tata Power Delhi Distribution Limited’s (TPDDL) auction for a 255 MW wind-solar hybrid energy project.
- The bidder had to ensure that the minimum remaining useful life of the project is between 20 years to 25 years on the bid submission date.
Tata Power Renewable Energy Limited (TPREL) has won the Tata Power Delhi Distribution Limited’s (TPDDL) auction for a 255 MW wind-solar hybrid energy project. The company quoted Rs3 per kWh, and Avaada Energy was the second-lowest quoted tariff at Rs 3.01/kWh. The auction implies that TPDDL will enter into an agreement for 25 years with the winning bidder.
In September this year, TPDDL requested proposals to set up Wind-Solar Hybrid Power Projects in India on a “Build Own Operate” basis for an aggregate capacity of 255 MW with a greenshoe option of an additional 255 MW of WinsSolar Hybrid Power Projects. TPDDL specified the capacity break-up in the tender as 85 MW solar and 170 MW wind power.
Existing projects having untied capacity were allowed to participate in the bid process in line with the conditions specified in the RfS & PPA. However, in such a case, the bidder had to ensure that the minimum remaining useful life of the project is between 20 years to 25 years on the bid submission date.