Amp Energy India offers lowest tariff at ₹3.07/kWh to emerge as the winner
In a recent auction held by CESC, Kolkata-based power utility company, Amp Energy India has emerged as the winner to develop 150 MW of the interstate transmission system (ISTS)-connected wind-solar hybrid projects.
The project requires a minimum capacity of 50 MW per project and must be commissioned within 24 months from the power purchase agreements (PPA) effective date. The PPAs will be valid for 25 years.
Amp Energy India quoted a tariff of ₹3.07 (~$0.037)/kWh to win the bid. The developer will acquire the land required to set up the project, and only commercially established and operational technologies will be used to minimize the technology risk and achieve timely commissioning of the projects.
To ensure quality, CESC has mandated that only type-certified wind turbine models listed in the Revised List of Models and Manufacturers will be used for the projects, and solar modules must be from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.
The declared capacity utilization factor (CUF) should be no less than 30% annually, and the developer must maintain an energy supply to achieve an annual supply corresponding to CUF at least 90% of the declared value during the PPA duration.
This isn’t the first time Amp Energy India has won an ISTS-connected wind-solar hybrid project. Recently, they won the Solar Energy Corporation of India’s auction to develop 100 MW of the 1,200 MW of ISTS-connected wind-solar hybrid power projects (Tranche-VI) with energy storage and assured peak power supply across India.
Amp Energy India quoted the lowest tariff of all other winners at ₹4.64 (~$0.05)/ kWh.