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Charanka Solar Power Park

India To Auction Another 150 MW At Gujarat’s Charanka Solar Park

India To Auction Another 150 MW At Gujarat’s Charanka Solar Park

written by saurabh

Solar Energy Corporation of India continues to take steps to further increase the capacity of one of India’s largest solar power park.

Another tender of 150 MW has been floated by Solar Energy Corporation of India (SECI) for the Charanka solar power park. The tender will offer the capacity in project size of 50 MW each.

The prospective project developers will be free to source the solar equipment and modules from Indian or foreign manufacturers. The solar power park already has an installed base of 345 MW while SECI has auctioned an additional 265 MW capacity recently.

In June this year, two projects of 40 MW capacity each were secured by government-owned Gujarat Industries Power Limited. The company sought capital cost support of Rs 67.99 lakhs/MW (US$101,810/MW) and Rs 69.75/lakhs per MW (US$104,446). The total capacity cost for the project is expected to be around Rs 5.30 crore/MW (US$793,640/MW).

Another 40 MW project was secured by renewable energy IPP Orange Renewables which quoted a bid of Rs 70.25 lakhs/MW (US$105,344/MW).

Two 40 MW projects have reportedly been allocated to Mahindra Renewables, part of the Mahindra & Mahindra industrial conglomerate. One of the projects is to be developed using Indian-made solar PV modules only. Interestingly, the company placed the same bids for both the projects – Rs 77.77 lakhs/MW (US$116,455/MW).

Last month, SECI auctioned 65 MW solar PV power capacity in the Charanka solar power park, Gujarat. Indian project developers ReNew Power Ventures and Mahindra Renewables secured 40 MW and 25 MW capacity, respectively. ReNew Power Ventures quoted a bid of Rs 7.01 million (US$104,700) per MW while Mahindra Renewables placed a bid of Rs 7.77 million (US$115,892) per MW. The developers shall be free to choose imported or Indian-made modules.



September 23, 2016 0 comment
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India Allocates Another 65 MW At Charanka Solar Power Park

India Allocates Another 65 MW At Charanka Solar Power Park

written by saurabh

The series of project allocations by Solar Energy Corporation of India continue as the country developers several solar power parks simultaneously.

Solar Energy Corporation of India (SECI) auctioned 65 MW solar PV power capacity in the Charanka solar power park, Gujarat. The projects were auction under the viability gap funding scheme wherein developers are required to submit the minimum capital cost support they will require to set up the projects.

Indian project developers ReNew Power Ventures and Mahindra Renewables secured 40 MW and 25 MW capacity, respectively. ReNew Power Ventures quoted a bid of Rs 7.01 million (US$104,700) per MW while Mahindra Renewables placed a bid of Rs 7.77 million (US$115,892) per MW. The developers shall be free to choose imported or Indian-made modules.

The bids placed by the ReNew Power and Mahindra Renewables are higher than the successful bids placed for projects at the same solar power park earlier this year. SECI had auctioned 200 MW capacity in June with all project developers required to use Indian-made modules. The bids at that time were between US$101,810 and US$116,455 per MW.

Government-owned entity Gujarat Industries Power Limited and Mahindra Renewables secured 40 MW capacity each in that auction while Orange Renewables secured a 40 MW project. All the projects will sign power purchase agreement with the Solar Energy Corporation of India for a period of 25 years at a fixed tariff of Rs 4.43/kWh.



August 31, 2016 1 comment
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