The government of India has floated tenders for installation and commissioning of 2,000 MW of projects in the wind power segment, as part of its target of achieving installation capacity of 60 gigawatts (GW) wind energy by the year 2022.
As part of the project, the Solar Energy Corporation of India (SECI) is going to sign 25-years power purchase agreements (PPAs) with various winning bidders and subsequently sell the acquired power to electricity distribution utilities, known as discoms; where the tariff ceiling is settled at Rs. 2.93/unit.
According to the bid document, a company can have the opportunity of bidding for as minimum as 50 MW, while the maximum capacity will be 300 MW and the developer has to take the responsibility of land acquiring, infrastructure and required permission, which could connect forthcoming wind projects to various electricity grids.
In last November, R. K. Singh, minister of renewable energy had announced the action plan to complete 28 gigawatts (GW) of wind power auctions by the end of FY20, which will leave a two-year margin for completing ongoing and future projects by 2022.