Wind power projects' auction in Gujarat: Tariff tumbles to Rs 2.43 per unit

Actis Energy fund-backed Sprng Energy quoted the lowest bid

In the long-pending tender issued by the Gujarat government for wind power projects discovered a new low tariff of Rs 2.43 per unit. Leading players, including Actis Energy fund-backed Sprng Energy quoted Rs 2.43/unit, French electric company ENGIE, UK’s EDF Energy, Gujarat based K P Energy and Powerica Limited, which quoted Rs 2.44/unit for different capacities, were declared winners. 

Gurgaon-based ReNew Power quoted Rs 2.45 per unit as the winning bid for 200 MW but will get 17.9 Mw as the bidding follows bucket fill method. Sprng was allocated 197 Mw. Capacity of 75 Mw was kept aside for a public