Tata Power, Welspun Among 22 Bidders for Indian Solar Projects

Tata Power Co. (TPWR) and Welspun Group are among 22 bidders for solar projects in India’s Karnataka state as India seeks to build 20,000 megawatts of capacity by 2022.

Karnataka Renewable Energy Development Ltd. will open the bidding on Dec. 2, Managing Director N.S. Prasanna Kumar said by phone today. Other companies applying include Sunborne Energy LLC, Kiran Energy Solar Power Pvt. and Jindal Aluminium Ltd.

The auction will award licenses to build 30 megawatts of solar thermal capacity and 50 megawatts of solar photovoltaic capacity with a maximum project size of 10 megawatts. The winners get preferential power rates and an assured buyer.

The development agency delayed the application deadline from Nov. 25 to prevent a clash with an auction of 350 megawatts of solar capacity by central government, Prasanna Kumar said.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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