The state government-sponsored bids for tenders of solar power projects in Odisha is likely to see stiff competition, as top-notch private developers and leading public sector undertakings (PSUs) compete in the bidding process.
The state government is set to begin the process of awarding tenders within a fortnight. These are for projects that are expected to generate 200 megawatts (Mw) of solar power.
The auction would be conducted according to the latest guidelines on solar power auctions issued by the Ministry of New & Renewable Energy (MNRE), said the state government.
“Reverse bidding mechanism would be followed to select the