Azure Power and Adani Power between them have bagged tenders for 150 MW of solar power projects. While Azure Power won 100 MW at a tariff of Rs 5.12/unit, Adani Power bagged the remaining capacity at Rs 5.13/unit.
The projects will be built in the Andhra Pradesh solar park, where NTPC has auctioned a total capacity of 1,000 MW of solar power projects with 850 MW in the open category and the remaining for developers using domestic content.
The projects would be developed using domestically manufactured solar modules.
Although ten companies participated in the online reverse auction, Azure Power secured 100 MW of the total 150 MW capacity auctioned off. The tariff on the project will be Rs 5.12/ kWh, almost 11% higher than the first two auctions priced in the same solar park.