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NVVN to sign PPA with Indian JNNSM Phase 2 Winners for 350 MW Solar Plants in Jan 2012

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Solar Power in India will get a boost in 2012 with India’s state owned utility NTPC’s trading arm NTPC Vidyut Vyapar Nigam (NVVN) to sign the PPA with the winners of the Indian solar federal auction JNNSM Phase 2 for 350 MW of Solar PV Projects.The auction had resulted in some of the lowest bids in the world with the lowest at around Rs 7.5/kwh or 15c/kwh one of the lowest in the world so far.This is also lower than the lowest bid in JNNSM Phase 1 by around 30%.

JNNSM Phase 2 received almost 8 times the bids with 2500 MW worth of bids out of which around 350 MW was selected for providing Feed in Tariff with the average tariff of Rs 8.77 or 17.5c/Kwh .Note India’s execution record has not been great with only 400 MW  solar capacity reached in 2011 against a target of more than 1000 MW.However weaker and unknown players have gone out of this business and the winners this time look more likely to construct these solar power plants.No doubt a massive glut of solar panels in the world with prices as low as 80-90c/watt helping .Compare that to prices of solar panels which were more than $2/watt last time.

GAIL, Mahindra, Welspun to develop solar PV projects

The trading arm of NTPC has been designated as the nodal agency for sale and purchase of grid-connected solar power under the Phase-1 of the Jawaharlal Nehru National Solar Mission. Last December, NVVN had issued letters of intent to the short-listed developers for the second batch of Phase-1.

The other companies short-listed include Solairedirect SA, SunBorne Energy Services, Sujana Towers, and Green Infra Solar Farms. Of the 28 projects for which letters of intent have been issued to these companies, 24 are in Rajasthan, two in Maharashtra, and one each in Andhra Pradesh and Tamil Nadu.

Over 150 companies, including Reliance (Anil Ambani Group), Lanco, Moser Baer and the Tatas, had evinced interest in developing large solar photovoltaic projects of up to 20 MW under the second batch. Request for selections were received for 218 projects for over 2,500 MW, much higher than the 350 MW offered


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

One Response so far | Have Your Say!

  1. Anirudh Chandel

    Dear Sneha,
    Greetings !!

    Just to share with you,..we are working on 100MW solar power project in the state of J&K.We are alredy in the final stage of signing PPA with state govt. but we want to sell electricity outside state also (open access agreement already signed) Pls advice us to sign PPA with PTC,NVVN or any suitable agency and how because most of the names reflect on websites are not workable.
    Thanks !