Power India found that Welspun has emerged one among the four winning bidders and having largest bidded capacity for solar projects in Madhya Pradesh.
After the formal award of the project, Welspun Solar MP Pvt Ltd will put up one solar photo voltaic project of 100 MW and another of 25 MW capacity.
The other winning bidders are:
- Alpha Infra Properties 20 MW at Rs 7.90 per unit (the least of the four),
- Welspun 125 MW at Rs. 8.05 per unit
- Simplex 10 MW at Rs 9.59 per unit
- Acme Telepower 45 MW for Rs 12.45 per unit (the highest tariff).
Typically, a solar power project costs Rs 10 crore a MW.
Madhya Pradesh also followed a ‘reverse bidding' process under which it would award projects to those who offer to sell power at the best (least) rates. The MP programme is for 200 MW, which means it would award projects up to a total of 200 MW.
Madhya Pradesh received bids for 430 MW for its tender for 200 MW, from 12 developers, including known names such as Azure (which submitted a bid for 5 MW), BGR Energy (10 MW), Essel Infra Properties (30 MW) and IL&FS (50 MW).
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