JNNSM – Phase 1 Batch 2 PPA bidding for 350MW of PV Power Projects

Please refer to the updated post here

The Indian Ministry of New and Renewable Energy MNRE has now officially received the bids for the Second Batch of Solar Photovoltaic Power Projects under the JNNSM.

As predicted in our previous posts on the allocations, the competition for projects with very low bids by developers made this allocation one of the fiercest to date and brought Solar power much closer to Wind as well Biomass sources.

The NVVN bidding results are now out with the lowest bid for 5MW starting at a mind numbing Rs. 7.49 per KWh submitted by Solar Direct who have in the past shown interest in using an all equity style of funding. The band was between Rs. 7.49 at the lowest and Rs. 9.44 for the highest bidder Green Infra

The other successful bidders are

  1. Welspun 3 Project – Rs.7.97, Rs.8.05, Rs.8.14
  2. Azure Power – Rs. 8.21
  3. Sai Sudhir – Rs.8.22
  4. VS Lignite – Rs.8.54
  5. Sunborne Energy – Rs.8.99
  6. Sujana Energy – Rs. 9.09
  7. Sun Edison – Rs.9.28
  8. Mahindra – Rs.9.34
  9. Kiran Energy – Rs.9.34
  10. Green Infra – Rs.9.39
  11. Green Infra Solar – Rs. 9.44

All prices above are for a KiloWatt Hour Unit

We will publish the allotted sizes in the next post

*This info is validated by certain sources in the Government but cannot guarantee the accuracy at the moment

About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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