NTPC, SJVN, Hinduja Win RUMSL's Phase II Solar Auction

The winning bidders in Rewa Ultra Mega Solar (RUMSL) auction for the construction of a 300 MW floating solar farm (Phase II) in the Omkareshwar reservoir in Madhya Pradesh are NTPC Renewable Energy, SJVN Green Energy and Hinduja Renewables Energy.

SJVN Green Energy gained 90 MW by bidding $3.79 (about $0.0458 per kWh), NTPC Renewable Energy gained 80 MW at $3.80 (about $0.0459 per kWh), and Hinduja Renewables Energy gained 80 MW at the price of $3.89 (about $0.0470 per kWh), according to mercom sources. The tender for the project was issued in April this year by RUMSL, a joint venture between the Solar Energy Corporation of India and the Madhya Pradesh Urja Vikas Nigam.

After it was first auctioned in November 2022, with the same companies obtaining different capacities at significantly lower prices, the capacity under Phase I was re-tendered.

Three units of grid-connected floating photovoltaic solar projects make up the expected 300 MW capacity of the phase ll floating solar farm.

The projects must be built by the winners on a build-own-operate basis.