Deals15 Jul 2026, 11:10 pm
Powerica Secures 100MW Wind Project Bid from SECI Tender
AI Summary
Powerica Limited has announced its successful bid for a 100MW wind power project through an e-Reverse auction conducted by Solar Energy Corporation Limited (SECI). The company secured the bid at a discovered tariff of ₹3.85 per unit. This win is part of SECI's tender for 2,000 MW of grid-connected wind power projects. Powerica will enter into a Power Purchase Agreement (PPA) with SECI and will utilize its in-house engineering capabilities for project execution within the stipulated timelines. The company has a diversified business including DG sets and a growing wind power segment.
Key Highlights
- Secured 100MW wind project bid from SECI's tender.
- Discovered tariff for the project is ₹3.85 per unit.
- Project execution to be handled by in-house engineering capabilities.
- Strengthens Powerica's position in the renewable energy sector.
- Letter of Award expected within tender timelines.
Price Impact
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