Second auction of wind power projects: Tariff tumbles to Rs 3.42 a unit

Regen, Leap Green, NLC India bag 900-Mw projects, against a tender of 500 Mw in Tamil Nadu

Six months after the first auction of projects, the second one has seen wind power tariff falling to a record low of Rs 3.42 per unit. The three companies that have qualified in the bidding, held by Tamil Nadu for 500 Mw of wind power projects, would now set up 900 Mw of wind power projects .

Regen Power Tech has won 250 Mw of projects at the lowest quoted tariff of Rs 3.42 per Mw. It is followed by Leap Green Energy, promoted by F1 racer Narayan Karthikeyan, at a bid of Rs 3.43 per unit for 250 Mw. Neyveli Lignite