AMP Solar India quoted the lowest tariff (L1) of ₹1.58 (~$ 0.022)/kWh at the recently concluded auction held by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for the development of 35 MW of grid-connected rooftop solar under RESCO model.
The company will install rooftop solar at ten sites of Power Grid Corporation of India (PGCIL), a central government PSU, with an estimated capacity of 2.25 MW. The total capacity won by AMPSOLAR is 7.42 MW distributed among 27 sites. The company quoted the maximum tariff of ₹1.67 (~$0.024)/kWh for institution of central government or of national importance.
Azure Power Rooftop (Genco) won the maximum capacity, 11.2 MW, in recently concluded auction by MPUVNL. It quoted the tariff between ₹2.2503 (~$0.032)/kWh and ₹2.3508 (~$ 0.033)/kWh with an average of ₹2.2792 (~$ 0.032)/kWh. Azure will install rooftop solar at estimated 574 locations and some of these sites are colleges under department of higher learning, police establishments, government engineering colleges, to name a few.
Amplus Energy Solutions came a close second in terms of allotted capacity by winning 11.15 MW capacity to install rooftop solar spread across 22 sites. It quoted the minimum tariff of ₹1.6938 (~$ 0.024)/kWh for municipal corporations, and a maximum tariff of ₹2.7099(~$0.038)/kWh for private institutions.
Recently, Mercom had reported that according to this MPUVNL tender, the first-year tariffs quoted in this auction are set to escalate by 3 percent per year over a period of 25 years.
In an email response, MPUVNL told Mercom that 43 percent subsidy is being provided for the government sector where government of India will give 25 percent and government of Madhya Pradesh will provide the remaining 20 percent. Two percent will be deducted as administrative charges.
Similarly, for private non-profit sector, government of India will provide 30 percent subsidy and Madhya Pradesh government will provide 20 percent subsidy (only for 25 kW). Two percent will go as administrative charges making a total of 48 percent for the 25 kW project. Subsidy for 500 kW project will be around 29 percent.
Mercom reported only recently that MPUVNL RESCO tender had witnessed the participation of 31 developers. The 35+ MWp rooftop tender capacity was oversubscribed by more than 630 percent.
Under this tender, 291 government colleges, 159 police establishments, municipal corporations, private entities are covered.
Earlier, responding to the uncertainty regarding the imposition of safeguard duty, the MPUVNL came up with a clarification for its latest solar rooftop RESCO tender proactively.
Nitin is a staff reporter at Mercomindia.com and writes on renewable energy and related sectors. Prior to Mercom, Nitin has worked for CNN IBN, India News, Agricultural Spectrum and Bureaucracy Today. He received his bachelor’s degree in Journalism & Communication from Manipal Institute of Communication at Manipal University and Master’s degree in International Relations from Jindal School of International Affairs. More articles from Nitin Kabeer