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<p><a href="http://tbeaindia.com/" target="_blank" rel="noopener noreferrer">TBEA</a>, a Chinese manufacturer of power transformers and other electrical equipment, has bagged 300 MW of solar projects in the 1.2 GW auction conducted by the National Thermal Power Corporation (NTPC).</p>
<p>A TBEA spokesperson told Mercom that while bidding for the project, TBEA offered a tariff rate of ₹2.63 (~$0.037)/ kWh for 300 MW of solar projects while SB Energy quoted the tariff of ₹2.65 (~$0.037)/ kWh.</p>
<p>With this win, TBEA ventures, known for supplying solar inverters, has set out as a solar independent power producer (IPP) in the Indian renewable energy market.</p>
<p>In August 2019, Mercom had <a href="https://mercomindia.com/ntpc-tender-solar-across-india/" target="_blank" rel="noopener noreferrer">reported</a> that the NTPC had issued a tender to set up 1.2 GW of the interstate transmission system (ISTS)-connected solar projects.</p>
<p>The technical bids for the tender were opened on September 30, 2019. Out of the 1.2 GW, bids were received only for 600 MW. TBEA and SB energy bid for 300 MW of solar projects each.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2019/10/NTPC-1.2-GW-ISTS-Solar-Projects.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-16079" src="https://mercomindia.com/wp-content/uploads/2019/10/NTPC-1.2-GW-ISTS-Solar-Projects.png" alt="NTPC 1.2 GW ISTS Solar Projects" width="408" height="159" srcset="https://cms.mercomindia.com/wp-content/uploads/2019/10/NTPC-1.2-GW-ISTS-Solar-Projects.png 408w, https://cms.mercomindia.com/wp-content/uploads/2019/10/NTPC-1.2-GW-ISTS-Solar-Projects-300x117.png 300w" sizes="(max-width: 408px) 100vw, 408px" /></a></p>
<p>“As per the reverse auction, only one bidder could win the bid for a capacity of 300 MW of solar projects after the auction. TBEA emerged as the winner with 300 MW at the tariff rate of ₹2.63 (~$0.037)/ kWh”, said the company spokesperson.</p>
<p>According to the company statement, “The tariff offered by TBEA Solar, in the wake of current scenarios, seems to be competitive analyzing the previously concluded bid of Solar Energy Corporation of India (SECI) where the maximum capacity was allotted at ₹2.65 (~$0.037)/kWh and with the fact that SECI has increased the ceiling tariff to ₹2.78/kWh (~$0.039)/ kWh in its recent solar ISTS tender.”</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-16080" src="https://mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018.png" alt="Lowest Solar Bids in Reverse Auctions in India - Since 2018" width="717" height="382" srcset="https://cms.mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018.png 717w, https://cms.mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018-300x160.png 300w, https://cms.mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018-650x346.png 650w, https://cms.mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018-624x332.png 624w, https://cms.mercomindia.com/wp-content/uploads/2019/10/Lowest-Solar-Bids-in-Reverse-Auctions-in-India-Since-2018-600x320.png 600w" sizes="(max-width: 717px) 100vw, 717px" /></a></p>
<p>Previously, the lowest (L1) tariff of ₹2.59 (~$0.0372)/kWh was <a href="https://mercomindia.com/ntpc-2-gw-solar-auction-results/" target="_blank" rel="noopener noreferrer">quoted</a> in the auction held by NTPC to develop 2 GW of solar photovoltaic projects. <a href="https://www.acme.in/" target="_blank" rel="noopener noreferrer">ACME Solar</a> had quoted the lowest tariff of ₹2.59 (~$0.0372)/kWh to develop 600 MW. <a href="http://www.shapoorjipallonji.com/" target="_blank" rel="noopener noreferrer">Shapoorji Pallonji</a> and <a href="https://www.azurepower.com/" target="_blank" rel="noopener noreferrer">Azure Power</a> matched the L1 tariff to develop 500 MW and 300 MW, respectively.</p>
<p>Of late, the NTPC has issued numerous tenders that have not received the anticipated response from the bidders.</p>
<p>Recently, the NTPC had <a href="https://mercomindia.com/ntpc-extends-deadline-solar-cpsu/" target="_blank" rel="noopener noreferrer">extended</a> the bid submission deadline for 1,000 MW of solar projects under the Central Public Sector Undertaking Program Phase II, Tranche-1.</p>
<p>Before this, the company had to <a href="https://mercomindia.com/setting-upper-tariff-cap-ntpc-solar-tender/" target="_blank" rel="noopener noreferrer">extend</a> the bid submission deadline for its 1.2 GW solar tender in western India after an upper tariff cap set by the NTPC failed to attract bidders.</p>
<p>According to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener noreferrer">India Solar Project Tracker</a>, NTPC has ~870 MW of large-scale solar projects in operation.</p>
<p>Image credit: juwi</p>
<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/anjana/" class="vcard author" rel="author"><span class="fn">Anjana Parikh</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2019/06/Anjana2.png" width="112" height="121" />Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.</p>
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TBEA Wins 300 MW of Solar Projects in the NTPC Auction at a Tariff of ₹2.63/kWh

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