The Ministry of New and Renewable Energy (MNRE) has finally
concluded the bids for the second batch of Solar Photovoltaic power project
under the ambitious JNNSM program.
The process was handled by NTPC Vidyut Vyapar Nigam Ltd
(NVVN), the power trading arm of NTPC, which has been nominated by the
Government to handle the Phase-I of the Solar Mission.
The curiosity on the allocations for projects with very low
bids by developers made this allocation one of the fiercest to date and brought
solar power much closer to wind as well as biomass sources.
Boom has started just like IT and Telecom has done earlier
in the 90’s .Now only wait and watch is how soon the global decreasing module
prices will bring down to grid parity soon.
According to the sources the cost of generating 1 MW of
solar power has come down from Rs 25 Cr to Rs 11 Cr , this Batch II bidding has
created Rs 4,000 Cr business in India.
There’s still lot to come in this sector like how India can
meet its power deficit through Innovative solutions for the end user
through a Captive Power.
The NVVN bidding results are now out with the lowest bid for
5 MW starting at a mind numbing Rs. 7.49 per ($0.15) KWh submitted by Solaire
Direct who have in the past shown interest in using an all equity style of
funding. The band was between Rs. 7.49 at the lowest and Rs. 9.44 ($0.19) for
the highest bidding Green Infra.
The full list of bidding organizations and their quoted
rates are as below:
All
prices above are for a KiloWatt Hour Unit
*This info is validated by sources in the Government but errors
are possible
*
|
Reg. No
|
Company
|
State
|
Size MW
|
Discount Offered
|
Tariff
|
|
522
|
Solardirect SA
|
Rajasthan
|
5
|
790
|
7.49
|
|
517
|
Welspun Solar AP
|
Rajasthan
|
20
|
742
|
7.97
|
|
517
|
Welspun Solar AP
|
Rajasthan
|
15
|
734
|
8.05
|
|
517
|
Welspun Solar AP
|
Rajasthan
|
15
|
725
|
8.14
|
|
596
|
Azure Power India
Ltd.
|
Rajasthan
|
20
|
718
|
8.21
|
|
596
|
Azure Power India
Ltd.
|
Rajasthan
|
15
|
718
|
8.21
|
|
554
|
Sai Sudhir Energy
|
AP
|
20
|
717
|
8.22
|
|
549
|
V S Lignite Power
|
Rajasthan
|
10
|
711
|
8.28
|
|
610
|
Jakson Power
|
Rajasthan
|
10
|
695
|
8.44
|
|
556
|
Symphony Vyapar (P) Ltd
|
Rajasthan
|
10
|
691
|
8.48
|
|
557
|
Lexicon Vanijya
|
Rajasthan
|
10
|
670
|
8.69
|
|
515
|
Shree Sulbaba Sugars
|
Rajasthan
|
5
|
666
|
8.73
|
|
610
|
Jakson Power
|
Rajasthan
|
10
|
665
|
8.74
|
|
617
|
LEPL Projects Ltd
|
Rajasthan
|
10
|
648
|
8.91
|
|
526
|
Sunborn Energy Services
|
Rajasthan
|
5
|
640
|
8.99
|
|
632
|
Sujana Towers Ltd.
|
TN
|
10
|
630
|
9.09
|
|
652
|
Fonroche Energy S.A
|
Rajasthan
|
20
|
629
|
9.1
|
|
642
|
NVR Infrastructure
|
Rajasthan
|
10
|
623
|
9.16
|
|
644
|
Enfield Infrastructure
|
Rajasthan
|
10
|
623
|
9.16
|
|
574
|
Essel Infraprojects Ltd.
|
Maharastra
|
20
|
612
|
9.27
|
|
587
|
SEI Solar Power
|
Rajasthan
|
20
|
611
|
9.28
|
|
503
|
GAIL
|
Rajasthan
|
5
|
607
|
9.32
|
|
524
|
Mahindra
|
Rajasthan
|
20
|
605
|
9.34
|
|
524
|
Mahindra
|
Rajasthan
|
10
|
605
|
9.34
|
|
523
|
Kiran Energy
|
Rajasthan
|
20
|
605
|
9.34
|
|
646
|
Green Infrastructure Solar
|
Rajasthan
|
20
|
600
|
9.39
|
|
647
|
Green Infra Solar Projects Ltd
|
Rajasthan
|
20
|
595
|
9.44
|
|
592
|
SEW Infrastructure Ltd
|
Rajasthan
|
20
|
594
|
9.45
|
|
631
|
Omega Solar Projects Pvt Ltd.
|
Rajasthan
|
20
|
591
|
9.48
|
|
631
|
Omega Solar Projects Pvt Ltd.
|
Rajasthan
|
15
|
591
|
9.48
|
|
631
|
Omega Solar Projects Pvt Ltd.
|
Rajasthan
|
15
|
591
|
9.48
|
|
509
|
Hexagon Renewable Energy
|
Maharastra
|
5
|
590
|
9.48
|
|
568
|
BMD
|
Rajasthan
|
10
|
590
|
9.49
|
|
579
|
Managalam Energy Development
|
Karnataka
|
5
|
590
|
9.49
|
|
589
|
Suyra Green Power
|
MP
|
10
|
582
|
9.57
|
|
621
|
Deepak Cables (India ) Ltd
|
Rajasthan
|
20
|
571
|
9.68
|
|
615
|
Bhgyanagar Industries
|
AP
|
5
|
570
|
9.69
|
|
621
|
Deepak Cables (India ) Ltd
|
Rajasthan
|
15
|
565
|
9.74
|
|
551
|
Raj Ratna Energy
|
Odisa
|
5
|
564
|
9.75
|
|
594
|
Acme Tele Power
|
Rajasthan
|
10
|
560
|
9.79
|
|
621
|
Deepak Cables (India ) Ltd
|
Rajasthan
|
15
|
556
|
9.83
|
|
508
|
Voyager Renewable Energy Resources
|
Maharastra
|
5
|
555
|
9.84
|
|
545
|
EMCO Power Ltd.
|
Rajasthan
|
20
|
552
|
9.87
|
|
501
|
Shyam Energy
|
Rajasthan
|
5
|
549
|
9.9
|
|
627
|
HCC Power Ltd
|
Rajasthan
|
10
|
547
|
9.92
|
|
612
|
Neel Metals Products Ltd
|
Rajasthan
|
15
|
542
|
9.97
|
|
597
|
Kanoria Chemicals & Industries Ltd
|
Rajasthan
|
10
|
541
|
9.98
|
|
541
|
Numeric Power
|
TN
|
10
|
540
|
9.99
|
|
518
|
GKC Projects
|
Rajasthan
|
20
|
540
|
9.99
|
|
582
|
CCCL Infra Ltd
|
TN
|
5
|
534
|
10.05
|
|
627
|
HCC Power Ltd
|
Rajasthan
|
10
|
525
|
10.14
|
|
548
|
BVSR Construction
|
AP
|
5
|
524
|
10.15
|
|
611
|
Surana Ventures
|
Rajasthan
|
5
|
524
|
10.21
|
|
615
|
Simplex Infrastructure
|
Rajasthan
|
10
|
518
|
10.22
|
|
560
|
Sarda Energy
|
Rajasthan
|
10
|
517
|
10.25
|
|
614
|
MaaDurga termal power
|
Odisa
|
5
|
514
|
10.25
|
|
614
|
MaaDurga termal power
|
Odisa
|
5
|
514
|
10.25
|
|
614
|
MaaDurga termal power
|
Odisa
|
5
|
514
|
10.25
|
|
525
|
Oswal Wollen Mills
|
Rajasthan
|
5
|
514
|
10.25
|
|
562
|
NAPC Properties Ltd
|
TN
|
10
|
512
|
10.27
|
|
570
|
ARL Infratech Ltd
|
Rajasthan
|
5
|
512
|
10.27
|
|
506
|
Chemtrols Industries
|
Maharastra
|
5
|
504
|
10.35
|
|
612
|
Neel Metals Products Ltd
|
Rajasthan
|
20
|
502
|
10.37
|
|
613
|
Era Infra Engineering
|
Rajasthan
|
5
|
502
|
10.37
|
|
588
|
VA Friendship Solar Park
|
Rajasthan
|
10
|
497
|
10.42
|
|
616
|
Tip Top General
|
Rajasthan
|
5
|
495
|
10.44
|
|
511
|
Geecee Ventures
|
Rajasthan
|
10
|
492
|
10.47
|
|
608
|
Gardenia Technologies
|
Rajasthan
|
5
|
490
|
10.49
|
|
521
|
Sai Energy
|
Rajasthan
|
10
|
489
|
10.5
|
|
639
|
Steller Energies Technologies
|
AP
|
20
|
489
|
10.5
|
|
625
|
HCC Infrastructure
|
Rajasthan
|
10
|
471
|
10.68
|
|
593
|
Amrit Green Powers
|
Rajasthan
|
5
|
469
|
10.7
|
|
593
|
Amrit Green Powers
|
Rajasthan
|
5
|
469
|
10.7
|
|
588
|
VA Friendship Solar Park
|
Rajasthan
|
20
|
458
|
10.81
|
|
561
|
Amtey
|
TN
|
5
|
453
|
10.86
|
|
612
|
Neel Metals Products Ltd
|
Rajasthan
|
15
|
450
|
10.89
|
|
531
|
M.S. Power Gen Lab
|
Maharastra
|
10
|
450
|
10.89
|
|
601
|
Surya Vidyut
|
Rajasthan
|
10
|
449
|
10.9
|
|
520
|
APPGGL
|
AP
|
20
|
441
|
10.98
|
|
520
|
APPGGL
|
AP
|
5
|
441
|
10.98
|
|
643
|
IL&FS Renewable Energy
|
Rajasthan
|
15
|
439
|
11
|
|
686
|
Zuberi Solar Power
|
Rajasthan
|
5
|
431
|
11.08
|
|
637
|
Asara Energy Ventures
|
AP
|
10
|
419
|
11.2
|
|
566
|
Indus Projects
|
Gujarat
|
5
|
385
|
11.54
|
|
606
|
Goppsons Paper Ltd
|
TN
|
5
|
369
|
11.7
|
|
564
|
Vandan Power Ventures
|
Rajasthan
|
20
|
360
|
11.79
|
|
583
|
PMP Auto
Components
|
Rajasthan
|
5
|
359
|
11.8
|
|
528
|
Sumari Holdings P Ltd
|
Rajasthan
|
5
|
349
|
11.9
|
|
559
|
Dahanu Solar Power
|
Rajasthan
|
20
|
348
|
11.91
|
|
618
|
M.S. Power Gen Lab
|
Maharastra
|
20
|
343
|
11.96
|
|
594
|
M.S. Power Gen Lab
|
Maharastra
|
20
|
343
|
11.96
|
|
559
|
Dahanu Solar Power
|
Rajasthan
|
10
|
342
|
11.97
|
|
618
|
BLP Solar Energy (P) Ltd
|
Rajasthan
|
20
|
329
|
12.1
|
|
594
|
Acme Tele Power
|
Rajasthan
|
20
|
328
|
12.11
|
|
513
|
Jain Solar Energy
|
Rajasthan
|
10
|
314
|
12.25
|
|
502
|
PLR Projects P Ltd
|
AP
|
5
|
297
|
12.42
|
|
530
|
GPCL
|
Gujarat
|
5
|
294
|
12.45
|
|
585
|
HPCL
|
AP
|
5
|
288
|
12.51
|
|
585
|
HPCL
|
Rajasthan
|
5
|
288
|
12.51
|
|
538
|
Megha Energy & Infra
|
AP
|
10
|
285
|
12.54
|
|
538 A
|
Megha Energy & Infra
|
AP
|
20
|
285
|
12.54
|
|
559
|
Dahanu Solar Power
|
Rajasthan
|
20
|
279
|
12.6
|
|
600
|
Soma Enterprise Ltd
|
Rajasthan
|
20
|
245
|
12.94
|
|
602
|
Cresent Power
|
Rajasthan
|
10
|
231
|
13.08
|
|
574
|
Optimus Infracom Ltd
|
Rajasthan
|
20
|
164
|
13.75
|
|
629
|
TCI Infra Developers
|
Rajasthan
|
5
|
144
|
13.95
|
|
595
|
DB Energy & Food Pvt Ltd
|
Rajasthan
|
5
|
139
|
14
|
|
504
|
NMDC
|
AP
|
5
|
100
|
14.39
|
|
624
|
Newton Energy
|
Rajasthan
|
5
|
2
|
15.37
|
|
514
|
Jain Energy Ltd
|
Rajasthan
|
10
|
0
|
15.39
|
|
619
|
Varalli Power
|
Rajasthan
|
45
|
0
|
15.39
|
|
604
|
Cargo Solar Power
|
Gujarat
|
10
|
0
|
15.39
|
|
653
|
Kriti Credit & Holding
|
Rajasthan
|
5
|
0
|
15.39
|
|
603
|
Cargo Solar Power
|
Gujarat
|
10
|
0
|
15.39
|
|
635
|
Kriti Credit & Holding
|
Rajasthan
|
20
|
0
|
15.39
|
|
649
|
Cargo Power
|
Rajasthan
|
30
|
0
|
15.39
|
|
605
|
Aurum Ventures P Ltd
|
Gujarat
|
20
|
0
|
15.39
|
|
628
|
Glo Dyne
|
Rajasthan
|
30
|
0
|
15.39
|
|
645
|
Helios Green Energy P Ltd
|
Rajasthan
|
5
|
0
|
15.39
|
|
628
|
Punj Lyodd Delta
|
Rajasthan
|
50
|
0
|
15.39
|
|
645
|
Green Infra Corporate Solar
|
Rajasthan
|
10
|
0
|
15.39
|
|
620
|
Chloris Properties
|
Rajasthan
|
50
|
0
|
15.39
|
|
641
|
Top Worth Energy (P) Ltd
|
Rajasthan
|
20
|
0
|
15.39
|
|
580
|
Refex Energy (Rajasthan ) P Ltd
|
Rajasthan
|
10
|
0
|
15.39
|
|
640
|
Top Worth Urja & Metals Ltd
|
Rajasthan
|
20
|
0
|
15.39
|
|
626
|
Ramky Enviro Engineers Ltd
|
Rajasthan
|
5
|
0
|
15.39
|
|
568
|
MKC Infrastructure
|
Gujarat
|
5
|
0
|
15.39
|
|
638
|
Kaviti Power (P) Ltd
|
AP
|
20
|
0
|
15.39
|
|
563
|
Dundee Power (P) Ltd
|
Rajasthan
|
20
|
0
|
15.39
|
|
588
|
Solar - gen Power Gujarat (P) Ltd
|
Gujarat
|
20
|
0
|
15.39
|
|
630
|
Wadhawan Solar (P) Ltd
|
Rajasthan
|
20
|
0
|
15.39
|
|
547
|
BVSR Construction
|
MP
|
5
|
0
|
15.39
|
|
648
|
Synergy
|
Rajasthan
|
5
|
0
|
15.39
|
|
571
|
Sembar Solutions
|
TN
|
20
|
0
|
15.39
|
|
555
|
Pancharan Merchants
|
Rajasthan
|
10
|
0
|
15.39
|
|
507
|
Filestone
|
Maharastra
|
5
|
0
|
15.39
|
|
650
|
SDP Services
|
Rajasthan
|
50
|
0
|
15.39
|
|
512
|
Associated Stone Industries (Kotah) Ltd
|
Rajasthan
|
5
|
0
|
15.39
|
|
575
|
Icomm Tele
|
AP
|
20
|
0
|
15.39
|
|
656
|
WAA Solar
|
Gujarat
|
5
|
0
|
15.39
|
|
510
|
IST Ltd
|
Rajasthan
|
5
|
0
|
15.39
|
|
546
|
Bhoruka Power
|
Karnataka
|
5
|
0
|
15.39
|
|
599
|
Juwi Photo
|
Rajasthan
|
10
|
0
|
15.39
|
|
598
|
Juwi Solar Power
|
Rajasthan
|
5
|
0
|
15.39
|
|
540
|
Millenium Automation
|
Punjab
|
5
|
0
|
15.39
|
|
543
|
Enfield Ispat
|
Rajasthan
|
5
|
0
|
15.39
|
|
542
|
Restore Machine Industries
|
Rajasthan
|
15
|
0
|
15.39
|
|
633
|
BG Power & Gas (P) Ltd
|
Rajasthan
|
20
|
0
|
15.39
|
|
519
|
Essel Minings & Industries
|
Rajasthan
|
20
|
0
|
15.39
|
|
634
|
Facor Alloys
|
Rajasthan
|
5
|
0
|
15.39
|
|
567
|
Dholu Contructions & Projects
|
Gujarat
|
5
|
0
|
15.39
|
|
581
|
Bhilwara Energy Ltd
|
Rajasthan
|
10
|
0
|
15.39
|
|
651
|
Newbury Holdings Two Ltd
|
Rajasthan
|
50
|
0
|
15.39
|
|
636
|
Inspira Entreprises India Ltd
|
Rajasthan
|
5
|
0
|
15.39
|
|
550
|
Piyush Buildwell India Ltd
|
Karnataka
|
5
|
0
|
15.39
|
|
609
|
Inspira Sun System
|
|
|
Disqualified
|
|
|
584
|
Alex Spectrum Radiation
|
Rajasthan
|
15
|
Disqualified
|
|
