Inox Wind has won 50MW in the Maharashtra state auctions concluded recently at a tariff of Rs 2.86 per unit.
The bid was won at a fixed price of Rs 2.86/unit for 25 years. This win is on back of the 300MW order win from SECI-1 auctions, 300MW in SECI-2 auctions and 200MW from SECI-3 auctions. The 50MW project would be executed over the next 12-15 months.
Inox Wind will be responsible for the development, construction and commissioning and will provide long term operations and maintenance services. This win enhances its auction based order book to a sector leading 850MW.
The Maharashtra wind power auction tariff of Rs2.86/unit also highlights our belief that states with lower PLF (plant load factor) sites will show higher tariffs than what are discovered in central auctions where higher PLF sites are used.