Powerica Limited, has emerged as a winning bidder in the e-Reverse auction conducted by Solar Energy Corporation Limited (SECI) for purchase of power through competitive bidding process from 2,000 MW grid-connected Wind Power Projects.
The company has successfully secured the bid for 100MW project. The electronic reverse auction was finalized on July 15, 2026, where Powerica Limited had submitted its competitive bid. The company’s discovered tariff was ₹3.85 per unit. The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.
Under the mandates laid out in the tender framework, Powerica Limited will enter into a Power Purchase Agreement (PPA) with the SECI.
Subsequent to Letter of Award, Powerica Limited will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.
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