GUVNL’s Bid - Coal India Marks Entry In Solar; NTPC Remains Competitive: ICICI Securities
Solar panels stand on the roof at a plant in Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

GUVNL’s Bid - Coal India Marks Entry In Solar; NTPC Remains Competitive: ICICI Securities

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ICICI Securities Report

In the latest round of auctions conducted by Gujarat Urja Vikas Nigam Ltd. (Gujarat discom) to set up 500 megawatt grid-connected solar photovoltaic projects, Coal India Ltd. made a surprise entry.

Out of nine participants, the winners included NTPC Ltd., Sprng Energy, Coal India and Tata Power Saurya Ltd. quoting Rs 2.2/kilowatt-hour for a cumulative total of 430 megawatt, and Satluj Jal Vidyut Nigam Ltd. quoting Rs 2.21/kWh for 70MW.

With Coal India’s entry in the renewables auction space, the competitive environment around bids, especially those conducted by financially sound Discoms, is expected to heat up further.

Click on the attachment to read the full report:

ICICI Securities Power Sector Update.pdf

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