RUMSL Auction Is Won By Avaada Energy And O2 Power

Avaada Energy and O2 Power were declared winners in the Rewa Ultra Mega Solar Limited’s (RUMSL) auction for 550 MW of solar projects at the Agar Solar Park in Madhya Pradesh. Of this, capacity, Unit 1 Agar comprises 200 MW and Unit 2 Susner comprises 350 MW.

Avaada Energy won a capacity of 200 MW, quoting ₹2.459/kWh, and O2 Power won a capacity of 350 MW, quoting ₹2.444/kWh.

RUMSL 550 MW of Solar Projects at Agar Solar Park, MP - Auction Results

RUMSL is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited.

The tender had received an enthusiastic response from the bidders, and a total of 18 bidders were shortlisted for the tender.

RUMSL had tendered a total of 1,500 MW of grid-connected solar projects to be developed across the three solar parks in the state in 2018. They then reissued the tender in January last year.

The first tender was floated for developing 450 MW of grid-connected solar PV projects at Shajapur Solar Park. The second tender was floated for 550 MW of solar projects at the Agar Solar Park, and the third tender was for 500 MW of solar projects at the Neemuch Solar Park.

The World Bank will finance the entire 1,500 MW capacity.

Reference- Mercom India, Economic Times, Business Standard, SECI website