Ostro and Adani Win SECI’s 1200 MW Tranche-VI Wind Auction

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Ostro Energy and Adani Green Energy Park have emerged as winners in SECI 1200 MW ISTS-connected wind power projects under Tranche-VI.

Ostro Energy Pvt. Ltd. and Adani Green Energy Park (Gujarat), a wholly-owned subsidiary of Adani Green Energy Ltd. (AGEL) have emerged as winners in the 1200 MW ISTS-connected wind power projects under Tranche-VI.

According to the Nodal agency for renewables in the country, bids aggregating to 2325.60 MW were received in response to the tender for 1200 MW of and projects.

Along with Adani Green Energy Park and Ostro Energy, three other bidders also quoted the winning (lowest) tariff rate of Rs 2.82/kWh in the e-reverse auction conducted by SECI.

According to the results issued by SECI, Adani Green Energy Park has been awarded 250 MW, Ostro won 300 MW, Srijan Energy won 150 MW of project capacity, Powerica won 50.60 MW, and Zentaris Renewable Energy won 125 MW.

SBESS Services Projectco, a subsidiary of Softbank-backed SB Energy won a project capacity of 324.40 MW after submitting a bid for 600 MW at a fixed tariff rate of Rs 2.83/kWh.

SECI has also revealed the results of its 1200 MW ISTS-connected wind power projects tender under the Tranche-VII. SECI has awarded a total of 480 MW capacity to four bidders after it received technical bids for development of just 600 MW wind projects in response to its 1200 MW tender (Tranche-VII). Betam Wind Energy Pvt. Ltd. has been awarded 200 MW capacity after quoting the lowest tariff of Rs 2.79/kWh. Ostro Energy won 50 MW capacity with a bid of Rs 2.81/kWh, and Sprng Vaayu Urja Private Limited won 100 MW capacity at a tariff rate of Rs 2.82/kWh.

Adani Green Energy Park won a capacity of 130 MW after bidding for 250 MW of wind energy projects at a fixed tariff rate of 2.83/kWh.

Recently, Adani Green Energy Park also won project capacity worth 600 MW to develop solar-wind hybrid projects from SECI. It revealed that it had received the LOA from SECI for the 600 MW projects after quoting a fixed tariff rate of Rs 2.69/kWh for the duration of the Power Purchase Agreement (PPA) of 25-years with SECI.