The SECI conducted two wind auctions in 2017, of which many projects have not yet been completed yet by the developers. The commissioning deadline for the first tranche of projects of 1,050 MW was October 2018 and for the second of 1,000 MW was May 2019.
But only 690 MW of the first lot and a mere 200 MW of the second are complete. The winners from the first auction who have managed to set up the entire capacity obtained are ReNew Power and Sembcorp, while Mytrah Energy is close to commissioning.
Inox Wind and Adani Green Energy had won 250 MW and 50 MW, respectively, but neither has set up a single MW so far. Some of the developers unable to meet their deadlines were given a month’s extension, but they still couldn’t finish their projects.
According to the terms of the power purchase agreement (PPA), three months after the commissioning date, the tariff paid to the developers will be lowered by about 15 paise for every month’s delay in commissioning of projects.
Sembcorp Green Infra, Renew Power, Orange Group, Inox Wind and Adani Energy were the winners of the second SECI auction winning capacities of 250 MW, 250 MW, 200 MW, 250 MW and 50 MW, respectively. Out of this, only 200 MW has been constructed so far.
