Indian utility Hero Future Energies 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 NTPC, Renew Power, Continuum Wind, Sprng Energy and EDF. Although Hero Future Energies 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.