Buoyed by the success of 2 tariff-based bidding for wind power projects, government will go ahead with 2-3 more such auctions for around 3 GW capacity, which may stagger to 2018, a senior official said.
The tariff-based competitive bidding for 1 GW wind projects brought down the tariff to a record low of Rs 3.46 per unit in February this year which further dropped to all time low of Rs 2.64 per unit in a similar auction earlier this month.
State-run Solar Energy Corporation of India (SECI) was the nodal agency for conducting these two auctions.
"We will go for 2-3 more such auctions for the wind power projects as there were very encouraging results in bidding this month for 1 GW capacity where tariff dropped to Rs 2.64 per unit," a senior official of Ministry of New and Renewable Energy told
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