Indian utility NTPC has yet to win regulatory approval for 800 MW out of the 1.2 GW it auctioned, and has offered auction winners the option of withdrawing from the scheme because the time limit for commissioning is not being extended. At least one winning developer, Mytrah, has taken the option of withdrawing despite winning 300 MW as one of the auction’s two largest bidders. The government had earlier said that if no new power plants were built by 2022, India would have to import electricity at a cost of Rs 10,000 per unit – about $US50 billion ($A@@ Although NTPC is currently inviting bids for 1.2 GW of wind schemes, analysts have forecast lower participation from power companies.
Indian utility NTPC has yet to win regulatory approval for 800 MW out of the 1.2 GW it auctioned, and has offered auction winners the option of withdrawing from the scheme because the time limit for commissioning is not being extended. At least one winning developer, Mytrah, has taken the option of withdrawing despite winning 300 MW as one of the auction’s two largest bidders. Other winners were Hero Future Energies, Renew Power, Continuum Wind, Sprng Energy and EDF. Although NTPC is currently inviting bids for 1.2 GW of wind schemes, analysts have forecast lower participation from power companies.