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<p>India’s leading renewable energy project developer, Adani Green Energy Limited, has announced that the Solar Energy Corporation of India (SECI) has annulled a recent 300 MW worth of solar tender it had won.</p>
<p>The tender was won by Adani’s subsidiary Mahoba Solar.</p>
<p>In a BSE filing made by Adani, the company said, &#8220;AGEL through its wholly-owned subsidiary Mahoba Solar (UP) Private Ltd had won a tender to set up 300 MW solar generation projects floated by SECI. The said tender has been annulled by the SECI.”</p>
<p>SECI has confirmed the cancellation of the auction though it is yet to issue an official notification.  Recently, some developers and government sources had told Mercom that the 3 GW Interstate Transmission System (ISTS)-connected solar auction <a href="https://mercomindia.com/seci-3-gw-solar-pv-auction-safeguard/" target="_blank" rel="noopener">was on the verge of being cancelled</a>, barring the capacity won by the lowest bidder.  In the<a href="https://mercomindia.com/seci-3-gw-solar-ists-auction-results/" target="_blank" rel="noopener"> auction</a>, ACME had emerged as the lowest (L1) bidder by quoting a tariff of ₹2.44 (~$0.0355)/kWh to develop 600 MW.</p>
<p>Prior to this, Mahoba Solar had another setback when the Uttar Pradesh New and Renewable Energy Development Agency (<a href="http://upneda.org.in/" target="_blank" rel="noopener">UPNEDA</a>) <a href="https://mercomindia.com/upneda-1gw-solar-auction-cancelled/" target="_blank" rel="noopener">cancelled</a> the auction for the development of 1 GW of solar projects across the state.</p>
<p>In this <a href="https://mercomindia.com/upneda-1-gw-solar-auction-results/" target="_blank" rel="noopener">auction</a>, Mahoba Solar (UP) Private Limited (Adani) had quoted the L1 tariff of ₹3.48 (~$0.050)/kWh to develop 250 MW of projects. Adani had quoted a single tariff for all of the project locations.</p>
<p>Speaking with Mercom, a source at Adani said, “The tenders have been cancelled because the rate was on the higher side compared to other states. This is the only reason for this cancellation.”</p>
<p>After this annulment, Adani has approximately 1,938 MW of solar projects in operation and nearly 340 MW in development, according to Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">India Solar Project Tracker</a>.</p>
<p>There have been numerous cancellations of auctions in the domestic solar sector lately. Government agencies are citing high tariffs as a reason for cancelling auctions even though developers have won projects based on the guidelines set by these agencies. It is unclear how developers can bid lower going forward considering the <a href="https://mercomindia.com/safeguard-duty-25-percent-solar/" target="_blank" rel="noopener">imposition of safeguard duty</a> which is currently <a href="https://mercomindia.com/no-safeguard-duty-solar-for-now-finance-ministry/" target="_blank" rel="noopener">on hold</a> due to a court stay order.</p>
<p>in <a href="https://mercomindia.com/guvnl-scraps-500-mw-solar-auction/" target="_blank" rel="noopener">April 2018</a>, Gujarat Urja Vikas Nigam Limited (<a href="http://www.gseb.com/guvnl/index.aspx" target="_blank" rel="noopener">GUVNL</a>) had also scrapped its auction for the development of  500 MW of grid-connected solar projects in the state, again citing high tariffs quoted by developers.</p>
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<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/ankita/" class="vcard author" rel="author"><span class="fn">Ankita Rajeshwari</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/03/ankita-edited-1.png" alt="Ankita Rajeshwari" /> Ankita is an editor at MercomIndia.com where she writes and edits clean energy news stories and features. With years of experience in the news business, Ankita has a nose for news and an eye for detail. Prior to Mercom, Ankita was associated with The Times of India as a copy editor for the organization’s digital news desk. She holds a Bachelor’s degree in Psychology from Delhi University and a Postgraduate Diploma in journalism. <a href="https://mercomindia.com/author/ankita/">More articles from Ankita Rajeshwari.</a></p>
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SECI Scraps 300 MW Solar Capacity Awarded to Adani Green

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