The Ananthapuram solar power park in India’s Andhra Pradesh state continues to progress at a healthy rate with power purchase agreement being signed for yet another project.
Tata Power Renewable Energy has reportedly signed a power purchase agreement with the Solar Energy Corporation of India (SECI) Limited for a 100 MW solar PV project at Ananthapuram, Andhra Pradesh.
The project was allocated to as part of a competitive auction held by SECI in May 2016. A total capacity of 400 MW was allocated among four companies. The companies are free to use either imported modules or those manufactured/assembled in India.
All companies will sell electricity at Rs 4.43/kWh (US¢6.7/kWh) for a period of 25 years. The developers shall receive capital cost support as per their approved bids. Tata Power Renewable Energy secured the project at a bid of Rs 7,399,990 per MW (US$111,161 per MW). Other developers that won projects are Fotowatio Renewable Ventures (100 MW), Acme Solar (150 MW) and Azure Power (50 MW).
The Ananthapuram solar power park will have an installed capacity of 1 GW once fully commissioned. 250 MW capacity is already operational at the solar park – including 100 MW owned and operated by Tata Power Renewable Energy. With an additional 400 MW capacity auctioned in May this year, a balance 350 MW auction is pending.
