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Maharashtra may Auction 2,000 MW Solar Capacity by August 15

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The state’s 1,000 MW solar auction in May initially faced troubles, but was eventually completed.

The Maharashtra government is planning to auction around 2,000 MW of solar capacity by August 15. The state’s 1,000 MW solar auction in May initially faced troubles, but was eventually completed. The lowest bid at the last auction was Rs 2.71/kWh. The initial four auctions by MSEDCL failed; IPPs did not bid since they wanted higher ceiling on tariffs of Rs 4/unit from Rs 3/unit. The ceiling on tariffs was earlier reduced to below Rs 2.60/kWh after aggressive bidding last year.

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