Indian hydropower producer NHP has announced an auction for 1.2 GW of grid-connected solar capacities across the country, with a provision for an additional 1.2 GW, known as the “greenshoe option”.
According to the tender notice, winners in the tender will secure 25-year fixed-tariff power purchase agreements (PPAs) with NHPC. These agreements aim to facilitate the sale of output to state utilities, power distribution companies, and other beneficiaries.
The proposed projects must meet a minimum capacity requirement of 50 MW, with a cap set at 600 MW for bidders without a “greenshoe option” and 1,200 MW for those with one. Exceptions are granted for projects in northeastern states and under special categories, where the minimum capacity is set at 30 MW.
Location restrictions are not imposed for the projects. NHPC specifies that proposed schemes should utilize commercially established and operational technologies, with dedicated transmission networks included.
The auction is open to developers with already commissioned capacities or facilities currently under construction. Interested parties have until June 29 to submit their bids, with offers scheduled to be opened on July 4, as per the tender notice.
