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Business News/ Industry / Energy/  India boosts solar targets with 1GW auction plan for Andhra Pradesh
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India boosts solar targets with 1GW auction plan for Andhra Pradesh

Companies will be invited shortly to bid for contracts to build plants at a solar park in the state

Companies will be able to bid for 250MW of solar power capacity with each project capped at 50MW. Photo: BloombergPremium
Companies will be able to bid for 250MW of solar power capacity with each project capped at 50MW. Photo: Bloomberg

New Delhi: India announced draft rules to auction 1,000 megawatts (MW) of solar capacity in Andhra Pradesh as Prime Minister Narendra Modi accelerates clean energy deployment.

Companies will be invited shortly to bid for contracts to build plants at a solar park in the state, according to the rules issued on Wednesday by the Ministry of New and Renewable Energy. A quarter of the capacity will be required to use locally made panels and cells.

The rules also outline a broader plan to boost India’s clean energy targets and shift responsibility for implementing capacity away from states to the central government. By 2019, the central government expects to install 15,000MW, more the five times the current national capacity and about triple what it committed to in 2012.

Companies will be able to bid for as much as 250MW of capacity with each project capped at 50MW, according to the rules. State-run power trader NTPC Vidyut Vyapar Nigam Ltd, known as NVVN, will run the auction and sign 25-year power purchase agreements with the winners.

The solar park will be run by a state-run venture between the Solar Energy Corp. of India, New and Renewable Energy Development Corp. of Andhra Pradesh and Andhra Pradesh Power Generation Corp., which will ensure roads, water and power substations are built to support the projects.

The draft sets a timeline for building 3,000MW by 2017, 5,000MW by 2018 and 7,000MW by 2019. Bloomberg

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Published: 15 Oct 2014, 12:33 PM IST
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