Author: PPD Team Date: 20/03/2025
On March 18, 2025, four firms secured bids to develop the 1,200 MW Inter State Transmission System (ISTS)-connected wind-solar hybrid project (NTPC-03) across India.
NLC India Limited won the largest share, securing 450 MW at a tariff of Rs 3.35 per kWh. EG Solwin Renewables Private Limited (Enfinity Global) won 300 MW at the same tariff. Welspun New Energy Limited (Welspun Energy Limited) secured 250 MW, also at Rs 3.35 per kWh.
Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited) had bid for 600 MW but secured only 200 MW under the bucket-filling method at Rs 3.36 per kWh.
The bidding followed NTPC’s October 2024 tender, which invited hybrid power generators (HPGs) to develop the project. The tender allowed bids between 50 MW and 600 MW in multiples of 10 MW. Projects must have at least 33% of their capacity from either wind or solar energy, with a maximum allocation of 600 MW per bidder.
Additionally, selected projects must use commercially established and operational technologies to ensure timely commissioning and minimize risks. Wind turbines must be type-certified models listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy (MNRE), while solar modules must be sourced from MNRE’s List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.