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Daily News Wrap-Up: SJVN’s 1.2 GW FDRE Auction Winners Revealed

CERC issues a draft proposing changes to price discovery mechanisms in power exchanges

October 10, 2024

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Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s auction to supply 1,200 MW firm and dispatchable power from inter-state transmission system-connected renewable energy projects with energy storage systems under tariff-based competitive bidding (FDRE II). Juniper, ReNew, Zelestra, and Hero won 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at a tariff of ₹4.25 (~$0.0506)/kWh. Avaada was awarded 590 MW at a tariff of ₹4.26 (~$0.0507)/kWh. The tender was floated in March this year.

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