Wind power project auctions likely every month, but with a tab on prices
The ministry of new and renewable energy plans to auction wind power projects every month.
It will monitor the bid prices to keep these at affordable levels, said Piyush Goyal, Minister of State for Power, Coal, New and Renewable Energy.
“The ministry should calibrate the pace of auction, keeping in mind the affordability of renewable energy for the common man. Industry players which are inefficient would either evolve and face competition in the sector or finally wind up. I welcome the churning happening in the industry and look forward to healthy competition and affordable power for all through increase in scale,” he said.
For projects won under the first ever wind power project auction, power purchase agreements were signed for 1,050 Mw, between government-owned PTC India, a power trading entity, and the successful developers. Mytrah Energy, Inox Wind and Ostro Kutch Wind would supply wind power of 250 Mw capacity each. Green Infra would supply 249.9 Mw and Adani Green Energy 50 Mw.