NHPC wins bid for solar project.

NHPC Ltd. has concluded an e-reverse auction for developing a 2,000-MW Grid Connected Solar photo voltaic project. The e-reverse auction was conducted amongst 7 bidders with bids coming for an aggregate capacity of 3,140 MW. “Against the total allocated capacity of 2,000 MW, lowest tariff of ₹2.55 a unit to ₹2.56 a unit was achieved against the initial quoted tariff of ₹2.71 a unit to ₹2.78 a unit. In spite of complete lockdown in India due to Covid-19, NHPC successfully completed the e-reverse auction,” a company statement said.

HBL