Adani, Azure top bidders for manufacturing-linked solar tender

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Adani, Azure top bidders for manufacturing-linked solar tender
New Delhi, Jan 17 () Adani Green Energy and Azure Power have emerged as successful bidders in Solar Energy Corporation of India's first manufacturing-linked solar tender, a top government official said on Friday.

Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity, MNRE Secretary Anand Kumar said on the sidelines of India Energy Forum-Renewable Energy Summit here.

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He also said that Azure Power bid for 500 MW solar cell manufacturing capacity and 2 GW generation capacity.

With the green shoe option, the capacity for Adani would increase to 2 GW of solar cell manufacturing capacity and 8 GW generation capacity, Kumar said.

For Azure, with green shoe option, it will be 1,000 solar cell manufacturing and 4 GW generation capacity, he added.

"The bids have been finalised and only paperwork remains," he said adding that the tariff has been fixed at Rs 2.92.

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After successful auction, an investment of around Rs 6,000 crore is expected for setting up 1 GW of solar manufacturing facilities, which would generate permanent direct employment of up to 10,000 people, a source said.

At present, India imports 95 per cent of its solar module requirement from China, leading to a forex outflow of around USD 10 billion per year. ABI SID ANS ANS
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