Powerica has won Solar Energy Corporation of India’s (SECI) auction to develop 500 MW interstate transmission system (ISTS)-connected wind power projects (Tranche-XVII). The tender was floated in May 2024. Powerica was awarded 50 MW at a tariff of ₹3.81(~$0.045)/kWh. The total capacity eligible for the award was reduced to 96 MW as per a provision in the tender that if the bids received in the auction were less than the floated capacity of 500 MW, then only 80% of that quoted capacity will be eligible for the award (80% of 120 MW which equals 96 MW).