Aditya Birla, Mahindra, Hero bid for 200 Mw solar project in Odisha

Diversified business conglomerates have joined the fray for developing 200-Mw of grid-connected solar power projects in Odisha.

The companies included Aditya Birla Group, Mahindra Group, IBC Solar, Essel, Hero Group and Azure Power.

Mahindra Group has applied through its group company Mahindra Susten.

Gridco, state's bulk power purchaser, which had floated the tender, has received 14 bids from the interested players.

Sources said that against the target of 200 Mw, the state's bulk trader has received bids for a whopping 845 Mw and all the 14 players have qualified the technical round. The bids have a greenshoe option wherein Gridco can go up to 300 Mw capacity in solar installs.

Gridco will enter into a power-purchase agreement (PPA) with the successful bidder for 25 years from the date of commercial operations.