SECI’s 8th Wind Auction Gets Low Response

SECI's eighth round of Wind Power auction of 1.8GW received bids for just 550MW.
This auction got participation of only two developers viz. (i) CLP India submitted 250.8 MW @ Rs. 2.83/kWh and (ii) Avikiran Energy, a subsidiary of Enel, offered 300MW @ Rs. 2.84/kWh.

However, as per tender rules, only 80% of capacity bid into the auction can be awarded in an undersubscribed tender.