"Unlike 2G spectrum, NVVN, instead of accepting offers on first-come, first-served basis, collected the offers and asked for price discounts on the CERC tariff. Surprisingly, for PV module, the discount was Rs 6.26 per unit, roughly 30 percent over the price of CERC. Similarly, for solar thermal module, it was Rs 4.26 per unit."
NVVN received applications for developing 1,740 Mw of PV projects, compared to the target of 150 Mw in the first batch of Phase-I. For solar thermal, it received applications for developing 1,000 Mw, against 500 Mw.
NVVN received 422 applications to tie up 650 Mw. The applicants include Tata Power, Tata International, Reliance Industries, Reliance Infrastructure, Shree Cement, OPG Energy, Surya Power, Suryachakra Power.
NVVN had earlier invited request for qualification for 150 Mw of solar PV projects, with a capacity of five Mw each, and 500 Mw solar thermal projects, with a minimum capacity of five Mw and maximum of 100 Mw each.
NVVN had made it clear that it would award contracts to those who would provide maximum discount on CERC tariff. NVVN plans to sign power purchase agreement with selected parties by the end of January.
Source- Business standard