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Tag: TNERS

NLC India

TNERC ₹51 CRORE RULING: A SETBACK OR A NEW DIRECTION?

August 19, 2025Team IMW

In Short : NLC India Limited’s ₹51.08 crore compensation petition was denied by the Tamil Nadu Electricity Regulatory Commission (TNERC). Between 2018 and June 2022, NLC claimed that about 1,400 MW of its renewable energy capacity was unjustly reduced, costing the company 146.6 million units of green power.

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FEATURED

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  • Summary: — ## 📌 Overview * **RfS No.:** SECI/C\&P/MI/00/0002/2024-25 (07.06.2024) * **Scheme:** SIGHT – Mode-2A (Cost-based competitive bidding) * **Techno-commercial bids opened:** 15.07.2025 * **Financial bids opened:** 29.07.2025 * **e-Reverse Auctions:** Aug 2025 * **Letters of Award issued:** 22–04 Sept 2025 **Total cumulative capacity quoted:** \~25.22 lakh MT of Green Ammonia (GA). **Major bidders:** ACME, AM Green, Avaada, NTPC REL, Waaree, Welspun, Jakson Green (consortium), Onix, Oriana, SCC Infra + InSolare, Suryam, H2e + Hyfuels, Stockwell, Sree Green, C Doctor + Krisow. — ## 🏭 Allocation & Winning Tariffs (select highlights) ### **Project-I: IFFCO, Kandla (1,00,000 MT)** * e-RA winners: * ACME Cleantech – ₹54.73/kg * Welspun New Energy – ₹54.98/kg * AM Green – ₹55.48/kg ### **Project-II: IFFCO, Paradeep (1,00,000 MT)** * ACME – ₹49.75/kg * Avaada Green Fuels – ₹50.00/kg ### **Project-III: MFL Chennai (4,000 MT)** * Suryam International – ₹50.00/kg * H2e Power Systems – ₹51.25/kg * C Doctor – ₹55.00/kg ### **Project-IV: GNFC Bharuch (50,000 MT)** * Onix Renewable – ₹52.50/kg * ACME – ₹52.75/kg * NTPC REL – ₹60.25/kg * Waaree Clean Energy – ₹63.75/kg ### **Project-V: Paradeep Phosphates, Paradeep (75,000 MT)** * ACME – ₹55.75/kg * Avaada – ₹56.00/kg * SCC Infra + InSolare – ₹59.00/kg ### **Project-VI: Paradeep Phosphates, Zuarinagar (25,000 MT)** * ACME – ₹62.84/kg * Waaree – ₹63.09/kg ### **Project-VII: Indorama, Haldia (20,000 MT)** * ACME – ₹64.74/kg * Avaada – ₹64.99/kg * H2e Power Systems – ₹66.30/kg ### **Project-VIII: MCF, Mangalore (15,000 MT)** * SCC Infra + InSolare – ₹57.65/kg * H2e Power Systems – ₹57.90/kg ### **Project-IX: Coromandel, Vizag (50,000 MT)** * ACME – ₹51.89/kg * Avaada – ₹52.14/kg * NTPC REL – ₹54.39/kg ### **Project-X: Coromandel, Kakinada (85,000 MT)** * Jakson Green (consortium) – ₹50.75/kg * ACME – ₹51.00/kg * Avaada – ₹52.00/kg ### **Project-XI: Krishna Phoschem, Meghnagar (70,000 MT)** * NTPC REL – ₹51.80/kg * SCC Infra + InSolare – ₹52.30/kg ### **Project-XII: MBAPL-II, Sagar (60,000 MT)** * Oriana Power – ₹52.25/kg * SCC Infra + InSolare – ₹52.50/kg * ACME – ₹53.50/kg ### **Project-XIII: MBAPL-III, Dhule (70,000 MT)** * SCC Infra + InSolare – ₹53.05/kg * Waaree – ₹53.55/kg * ACME – ₹54.55/kg — ## ✅ Key Takeaways * **ACME emerged the biggest winner**, bagging multiple projects with prices ranging **₹49.75–63/kg**. * **Avaada, Waaree, NTPC REL, SCC Infra + InSolare, and H2e Power** also secured significant capacities. * **New entrants like Suryam International and Oriana Power** won in smaller tranches. * Discovered tariffs show **competitive convergence around ₹50–65/kg** for most large projects. * Allocated projects span across major fertilizer plants (IFFCO, Paradeep, GNFC, Coromandel, Indorama, MCF, MBAPL, Krishna Phoschem).Outcome: Request for Cost-Based Competitive Bidding to Select Green Ammonia Producers for Production and Supply of Green Ammonia in India under SIGHT Scheme (Mode-2A-Tranche-I)
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INDIA

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