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.