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India May Not Witness Common Bidding for Power Projects in Near Future: Siemens

16 May 2018

India may not see power tariff auction for wind-solar hybrid projects or common bidding for power projects in near future, according to Siemens. In recent times, the Central & state govt.s have been offering wind & solar power projects based on tariff auction, that is, to those who quote lowest power tariff. Siemens Gamesa India Chairman & Managing Director Ramesh Kymal told reporters that tariff auctioning may not happen for hybrid projects. He said the state govt.s have to draft suitable tariff policy taking into account the costs involved in wind & solar parts of hybrid renewable power projects. "Now existing wind farms are getting converted into hybrid power farms." The official also said that common bidding of projects regardless of the technology -- wind or solar or hybrid -- may not happen soon in the country as the field should first be levelled out. He added that auctioning of wind power projects has started picking up. Meanwhile, the Indian Co.'s global parent Siemens Gamesa RE considers India a very imp. market not only for selling wind turbines but also for sourcing components likes blades. "India is a major market for onshore wind power projects," Markus Tacke, CEO of the Euro 11 bn revenue Siemens Gamesa RE, told reporters. He said India will remain a key market for years to come. According to Tacke, the global wind market dynamics are changing & so is India. "Hence, it is imperative for us to respond to the market with more agility, better products & comprehensive digital intelligence which will set us to the path for strong profitable growth," Tacke said. Kymal said the Indian Co. ships out windmill blades to Mexico & is the market leader in Sri Lanka.

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