Source: The Hindu Business Line

CHENNAI, MARCH 5:  The Odisha government has come up with yet another tender for the purchase of solar power. Just like the existing practice, the state government wants a developer to put up a 25 MW plant and sell power to the state’s electricity distribution company at rates arrived at through a competitive bidding process.

The winning tariffs arrived at under the previous two bids were Rs 7 and Rs 7.28 per kWhr. However, in the first case, only 5 MW was finally allotted to the winning bidder.

The ‘request for proposal’ says that it expects further reduction in tariff.

Bidders should have a net worth of Rs 67.5 crore to be eligible to participate in the bidding process. The winning bidder shall achieve financial closure within 210 days of signing of the power purchase agreement which will be for 25 years.

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