Memorandum of Agreements signed for first wind auction Scheme

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The Memorandum of Agreements (MoAs) for the purchase of 1000 MW wind power under MNRE’s first wind auction Scheme was signed between PTC India, the trading company, and Discoms of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha and Assam. The signing ceremony took place during the two-day Conference of Power, New & Renewable Energy & Mines Ministers of States and UTs.

As per MoAs the Discoms of UP to buy 449.9 MW, Bihar- 200 MW, Jharkhand – 200 MW, Delhi – 100 MW, Assam – 50 MW and Odisha – 50 MW of wind power for meeting their non-solar RPO.

The Letter of Award (LoA) to the successful wind power developers under the first wind auction scheme was issued by Solar Energy Corporation of India (SECI) on April 5, 2017 and the projects to be commissioned within 18 months from the date of issue of LoA.

This was the first time such auction process was done in the country for wind power through e-reverse auction and its success can be seen from the fact that a record low tariffs of Rs 3.46 per kWh was obtained.

Owing to the success of first wind auction scheme, MNRE has announced plans for another round of wind auction for 1000 MW capacity wind power projects.