Mytrah Energy (India) Pvt Ltd, the Hyderabad-based renewable energy company, has bagged an order for the development of 100 MW wind power project for the Maharashtra State Electricity Distribution Co Ltd (MSEDCL).
The company quoted a tariff of ₹2.86 under the reverse e-auction for 200 MW capacity and won the bid for 100 MW in Maharashtra to supply power to the utility. Six companies participated in the reverse bidding, submitting quotes for a cumulative capacity of 821.8MW.
The bidders were given a choice to reduce the quoted capacity during re-auction.
Other winners include Adani Green Energy, KCT Renewable Energy, Inox Wind, Hero Wind Energy and Torrent Power, which bid for 146 MW but was awarded 124.4 MW at ₹2.87.
The LoA was issued by MSEDCL on June 28 followed by the signing of PPA on July 16. The project is to be commissioned within 18 months from execution of the power purchase agreement.
Reference- The Hindu, PressReader, ET