New Delhi: The government has decided to reject the sole bid it had received from for its first ever manufacturing-linked solar tender following dissatisfaction with the quoted price, power and energy minister said. The tender in question, said to be the world’s largest of its nature, was floated in May last year by the (SECI) for setting up 10 GW power project capacity linked with 3 GW equipment manufacturing. The tender was undersubscribed by 8 GW and NYSElisted Power was the only developer which submitted the bid in the techno-commercial stage in November last year. “We found the price quoted by the bidder to be unreasonable and hence we have decided to cancel the bid,” Singh told reporters on Tuesday. ET reported on December 23 last year that SECI was renegotiating the tariff quoted by Azure, since reverse auction was not possible in the absence of multiple players. Azure Power would have quoted the maximum permissible tariff in the bid, which was Rs 2.85 per unit, officials evaluating the bid had said.
The Indian government has rejected the only bid placed in the Solar Energy Corporation of India's (SECI) 8 GW solar tender with 3 GW manufacturing component, which had been placed by Azure Power. The tariff quoted reportedly matched the ceiling set by SECI at INR2.105 ($0.04) per unit, but this was deemed too high, according to RK Singh, the minister for power and renewable energy. Originally launched in May 20110, the tender was under-subscribed by 10 GW.