List of NVVN bidding winners?
Aniket Baheti
mahesh patil
It's been a long time to contact with all of u...
JNNSM Phase 1 Batch II Winners – Analysis
The cost of solar will be Rs7.49 /kWh by 2012 and the journey towards
grid parity has received significant boost. The journey was accelrated
by French project developer Solaire Direct’s astonishingly low bid in
the recently concluded aggresive bidding for project allotment under
JNNSM batch II under first phase.
The allocation of solar PV projects in Phase-1 of Jawaharlal Nehru
National Solar Mission (JNNSM) is done in two batches over two
financial years – 2010-2011 and 2011-2012. Solar PV projects of 150MW
aggregate has already been allotted in FY 2010-11 as a part of batch I
of JNNSM phase I and those projects are already on their way getting
commissioned. Allotment for the remaining 350 MW Solar PV Projects is
carried out through the second batch for which an aggregate of 210
proposals were received by NVVN during the month of October 2011.
Request for Proposals (RfPs) have been issued to shortlisted bidders
under JNNSM Phase I Batch II on 17th November 2011. The last date &
time for submission of duly filled in RfP was till 14.30Hrs on 2nd
December 2011 and the 180 bids that were received by NVVN were opened
on same day at 15.00 Hrs.
The interest for setting up of solar PV projects under JNNSM phase I
was very high among the investors during the batch I where a total of
343 applications totaling to 1715 MW were submitted against
requirements for 30 projects for an aggregated 150MW allotment. The
fierce competition observed in batch I still continued in the second
batch too which is evident from the fact that competition was nine
times the selection.
Similar to the first batch, the selection of projects under batch II
of JNNSM phase I were through reverse bidding to select only 20
bidders, with winner being the company that can offer highest discount
on the base price of Rs. 15.39/kWh.
The winning bids for solar PV under batch II of JNNSM phase I varied
from Rs. 7.49/kWh to Rs. 9.41/kWh, at an average bid price of Rs.
12.15/kWh. It is to be noted that in batch I, the range varied from
Rs. 10.95/kWh to Rs. 12.76/kWh with an average bid price of Rs.
12.15/kWh.
Increase in size per project from 5MW to 20 MW, higher allocation
possibilities per company for up to 50MW and the significant drop in
module prices to less than $1.00/Wp, this round of bidding witnessed
participation from larger companies with aggressive pricing
Fierce competition to get the project allotted was obviously expected,
as further allocations for solar under the central government scheme
might not happen for the next 2-3 years. However extremely aggressive
efforts in order to ensure allocation, came as a wave of shock and
surprise to the renewable energy industry. It is worthwhile mentioning
that the highest discount offered in the batch I of JNNSM by Camelot
Enterprises Pvt. LTd., of about 39% and the lowest discount offered in
the second batch by Green Infra was almost equal in percentage terms.
Developer Name Location Capacity (MW) Discount (paise /kWh) Bid Price
(Rs /kWh) Percentage Discount
Solairedirect SA Rajasthan 5 790 7.49 51.33%
Welspun Solar Rajasthan 20 742 7.97 48.21%
Welspun Solar Rajasthan 15 734 8.05 47.69%
Welspun Solar Rajasthan 15 725 8.14 47.11%
Azure Power Rajasthan 20 718 8.21 46.65%
Azure Power Rajasthan 15 718 8.21 46.65%
Sai Sudhir Enery AP 20 717 8.22 46.59%
V S Lignite Power Rajasthan 10 711 8.28 46.20%
Jakson Power Rajasthan 10 695 8.44 45.16%
Symphony Vyapar (P) Ltd Rajasthan 10 691 8.48 44.90%
Lexicon Vanijya Rajasthan 10 670 8.69 43.53%
Shree Sulbaba Sugars Rajasthan 5 666 8.73 43.27%
Jakson Power Rajasthan 10 665 8.74 43.21%
LEPL Projects Rajasthan 10 648 8.91 42.11%
Sunborn Energy Rajasthan 5 640 8.99 41.59%
Sujana Towers TN 10 630 9.09 40.94%
Fonroche Energy Rajasthan 20 629 9.1 40.87%
NVR Infra Rajasthan 10 623 9.16 40.48%
Enfield Infra Rajasthan 10 623 9.16 40.48%
Essel Infra Maharashtra 20 612 9.27 39.77%
SEI Solar Power Rajasthan 20 611 9.28 39.70%
GAIL Rajasthan 5 607 9.32 39.44%
Mahindra Rajasthan 20 605 9.34 39.31%
Mahindra Rajasthan 10 605 9.34 39.31%
Kiran Energy Rajasthan 20 605 9.34 39.31%
Green Infra Rajasthan 20 600 9.39 38.99%
Green Infra Rajasthan 20 595 9.44 38.66%
The complete list is available at http://www.eai.in/club/users/BADRI/blogs/12954
Some key observations from above bid results:
23 out of 27 projects are from Rajasthan which is a about 85% and this
way ahead of the first batch where close to 70% of the projects
allotted were for Rajasthan. This is however not surprising given the
fact that 145 proposals out of the 210 received by the NVVN under the
batch II of the Jawaharlal Nehru National Solar Mission, were for
Rajasthan according to reports from Rajasthan Renewable Energy
Corporation. Developers have a strong interest in Rajasthan mainly
because of the allotment of land on concession for them and strong
transmission network as well as the availability of sunlight
throughout the year. Maharashtra and Tamil Nadu along with Andhra
Pradesh have one projects each though the number of projects from
Tamil Nadu was 12 and Andhra was 20 and Maharastra was 19.
There were eight companies who submitted bids for the complete 50 MW –
Dahanu Solar Power, Deepak Cables (India) Ltd, Green Infra, M.S. Power
Gen Lab, Neel Metals Products Ltd, Omega Solar Projects Pvt Ltd.,
Mahindra Solar (along with Kiran Energy) and Welspun. Of these,
Welspun and Mahindra Solar were able to make a clean sweep of all the
50MW while Green Infra managed to get 35MW allotted for them.
Big names like Acme Tele Power, HPCL, Surana Ventures, IL&FS, NMDC,
Punj Lyodd, Ramky Enviro Engineers Ltd., Juwi solar etc were some of
the bidders according to NVVN and it was surprising to see that they
were not able to emerge as winners. Yet another surprising observation
was that 44 bidders including big names like Punj Lyodd, Ramky Enviro
Engineers Ltd, Juwi Solar etc., offered no discount and submitted
their bid at base price which was an indication of the lack of
preparation to face the high voltage competition.
Developers who managed to secure projects in both the rounds of
bidding for solar PV under the JNNSM phase I were Azure Power (5MW in
batch I + 35 MW in batch II), Mahindra Solar (5MW in batch I and 30 MW
in batch II) Sai Sudhir Energy (5MW in batch I and 20MW in batch II)
and Welspun (5MW in batch I and 50MW in batch II). While IOCL was the
only PSU who bagged a 5MW under the first batch, GAIL was the PSU this
time to get a project allotted (5MW) in this batch after having
submitted a bid for Rs 9.32.
Few developers (CCCL Infrastructure Limited, Newton Solar Pvt. Ltd.,
Oswal Woollen Mills Limited., and Punj Lyodd) who successfully got
project allotment in the first round of bidding during the previous
year were not able to emerge as winners in this round due to the
increase in the aggressiveness in the competition. Sunborn Energy, who
failed to have an allotment last time around, managed to bag a 5MW
after offering a discount of about 42% from the base price.
While it is usually understood that the scale of a project will have a
favorable influence on the costs, the JNNSM batch II results did not
echo the same. From the results, it seemed that scale has no relevance
with costs and companies quoted varying numbers irrespective of the
project capacity. The average bid price for a 5MW projects was Rs 8.63
/kWh while it increased to Rs 8.83/kWh for projects of 10MW capacity
and a further increase of Rs 8.95/kWh was the observed average for
20MW projects. The numbers of successful 5MW projects were 4 and the
number of successful 15MW project was 3. There were 10 successful
projects each in 10MW and 20MW size.
Thanks wit best regards,
Mahesh Y. Patil
Sr.Project Engineer - Renewable Services
9978205839,9890574849
TÜV SÜD South Asia
E-15,16, Royal Arcade,
Satara Road, Pune - 411 043.India.
Tel.: +91 20 24378137, 24362942
Fax: +91 20 24378138
E-mail: Mahesh...@tuv-sud.in
website: <www.tuv-sud.in>
Shubham bhavatu..
OM..
Aniket Baheti
Is anyone in the group buying their research reports?
charan...@gmail.com
Hw r u? Hope every one are busy with ongoing projects of Guj phase-2 & NVVN projects for next financial year.
Gud news is tat even MP govt also released draft for 300MW.
Merry christmas and Advance happy New Year...!!!
Regards
Sai Charan
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