Odisha in its first-ever solar auctions in July last year, had floated tender for 200 Mw. The tenders were oversubscribed four times with Aditya Birla Renewables emerging the L1 bidder. But the differential between L1 and the other bidders had unsettled Gridco authorities. Three players- were tied up at the L2 level with a price quote of Rs 3.19 per unit- Sukhbir Agro Energy Ltd, city-based Gupta Power Infrastructure Ltd and Eden Renewable Varenne Pvt Ltd, bagging 25 Mw, 20 Mw and 50 Mw capacities respectively. Acme Solar finished as the L3 bidder, quoting Rs 3.20 for 50 Mw unit.
Despite an appeal from Gridco authorities, L2 and L3 bidders did not scale down their price quotes to the L1 level. The bulk trader had to cancel the tenders for 125 Mw.
The installed solar power capacity in Odisha is 333 Mw but the state sources about 79 Mw from outside.
Private sector interest in Odisha's solar power sector had not seen enough traction until now as opposed to central PSUs who had a rush of proposals. NTPC, NLC Ltd, North Eastern Electric Power Corporation (NEEPCO) and SJVN, a mini-ratna PSU, have evinced interest in participating in the state's solar park programme.