The details of the bid opening for the 1000 MW of allocation under the Tamil Nadu Solar Policy on 04-01-2013 at Tangedco office in Chennai as it happened are given below. The list of developers has been updated.
As of 1515 Hrs – 157 MW
As of 1530 Hrs – 231 MW
As of 1545 Hrs – 303 MW(54 Bidders)
As of 1600 Hrs – 348 MW ( 68 Bidders)
As of 1620 Hrs – 431 MW( 81 Bidders)
Final count – 499 MW/ 92 Applications/104 projects (Note: The application number and number of projects is subject to confirmation from Tangedco)
The question is, was the bidding successful or not? Is the glass Half Empty or Half Full? I am sure the authorities will be disappointed, but do they have a backup option to achieve the 1000 MW target? Another question is, what will be the L1 and how many of the bidders choose not to accept the L1 and drop out?
We had written earlier that the Tamil Nadu policy implementation might be moving too fast thereby putting pressure on prospective bidders. The shortfall in applications is a proof of that. The huge interest which was evident during the pre-bid meeting has not translated to actual bidding because of various concerns on the part of the developers.
Nonetheless, we had hoped that there will be more interest, but it did not turn out that way.
Moving onto some highlights – it appears that Sun Edison has submitted bids for 50 MW so far in 4 separate bids. Some other companies include Waaree – 10 MW, SWELECT – 10 MW, ILFS – 30 MW, GR Thangamaligai – 15 MW, Welspun – 30 MW, Lanco – 25 MW and Swiss Park Vanijya – 25 MW.
Interestingly, of the 104 individual bids placed, 83 bids are for projects of equal to or less than 5 MW. Despite having no upper limit, the highest bid was for a project of 50 MW. There was 1 project each for 15 MW, 20 MW, 25 MW and 30 MW(One of the other 25 MW projects is by Swiss Park Vanijya and is distributed between different locations).
If all these bids make it to the PPA stage, the upside will be that Solar will be more widespread in Tamil Nadu unlike in JNNSM, where allocations went to big companies and smaller players were essentially shut out due to the tough qualifying criteria. (It is a different issue if it was good or bad!!). Geographically, the bids are spread across the state(21 districts of the total 32), but a big part of the projects are from the southern districts. Some of the districts which saw very high interest are
a. Ramanathapuram – 123 MW
b. Tiruchirappalli – 59 MW
c. Karur – 55 MW
d. Sivaganga – 34 MW
A graphic representation of the geographic spread is given below. Just to reiterate, this map is based on the initial bids and this will change since some bidders may choose not to accept the L1 price.
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The details of the bids for projects are given below. Some of the names need to be confirmed by Tangedco.
Note : We have started a LinkedIn Forum for sharing news,insights and perspectives on solar specific to Tamil Nadu. The group is updated every day and several stakeholders have already joined the group. I invite you to join the group and share your views there. The link to the group is http://www.linkedin.com/groups/Tamil-Nadu-Solar-4681107