NTPC solar tender gets weak response
NTPC’s invitation for bids for setting up 1,200 MW of solar generation units received a tepid response, with only one company winning bids for 300 MW. According to industry sources, Chinese government-backed TBEA Energy was the lowest bidder, quoting a tariff of Rs 2.63/unit. The company specialises in making power transformers.
The ceiling tariff for the auction was set at Rs 2.65/unit. This under-subscribed tender follows NTPC receiving no response for 1,200 MW of wind power projects earlier this week.
