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1.2 GWp of solar tender subscribed 80% this fall

In amidst of tepid response from developers in 1.2 GWp of inter-state transmission system (ISTS-VI) connected solar projects in a recently concluded auction, SECI has increased cap from ?2.65/unit to ?2.78/unit. Disinterest shown by developers in auction has forces SECI to extend final submission date three times and also allowed projects on a pan-India basis, initially, the tender was only for bidders in Madhya Pradesh. Developers has shown discontent over aggressive tariff caps imposed by SECI, such relaxation in capped tariff has shown increase in participation from developers.