Yesterday was the last day for developers to submit their revised bid to the government (NTPC Vidyut Vyapar Nigam Ltd. (NVVN) ) for the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM).
The planned capacity of SolarPV is about 170MW and Solar Thermal about 470 MW for the first phase and the submission of RfP along with the discount amount from the proposed feed in tariff of Rs 17.91 for PV and Rs 15.31 for solar thermal had to be submitted by developers yesterday.
With the overwhelming response received for the first phase, NVVN first called for a RfS and those that were short listed from the same were invited to submit a RfP with a discount in tariff that they could offer along with certain big bond guarantees.
Panchabuta, has come to understand from sources that as expected, a lot of developers have bid very aggressively and that discounts in excess of 40% from the proposed ceiling of the feed in tariffs were offered by developers for Solar PV project.
We will provide and analyze this data once it becomes available.
In the mean while, the Solar Thermal side has also witnessed aggressive bidding with the first winning bid having a discount of 31% from the proposed ceiling tariff.
The last project to be approved in the Solar Thermal side had a discount of about 20% from the ceiling tariff.
From the initial data available with Panchabuta, a total of 7 projects have qualified for the total capacity of 470Mw in Solar Thermal.