Sumant Sinha: Yes. So look, I think offshore, it’s not clear at this point that when — and when the bid will come and in what form it will come. I think, of course MNRE is working in the direction of trying to come up with something on the offshore wind side, but they haven’t yet come out with anything formal from even a discussion standpoint. So it’s hard to comment on exactly what the timing will be and what the contours of a bid might be. Having said that, MNRE is also looking to allocate certain blocks of the ocean floor for blocking for the future. And so that is something that they are — that is likely to come out more imminently. We certainly do intend to participate in those auctions for the as well. And of course, eventually, whenever an offshore win does come out, we’ll, of course, be very active participants in that.
There are in fact a number of potential partners that we’ve been talking to, who have been talking to us for partnering on those kinds of bids as and when they come. So I think we’ll probably bid for those in collaboration with our partnership with somebody who has specific experience of offshore wind in some other geographies. I should tell you that when — last time when MNRE was looking at some of these things in 2018, at that time, we have very actively done a lot of work, and we had partnered with at that time a couple of — one European and one Japanese company to do the bid. Of course, that never progress. So we did not go ahead as well. But as and when the bid comes up, we’ll of course, participate very actively.
Amit Bhinde: Right. That’s great to know. And sir, on the land availability, I just wanted to understand now what kind of land availability do we have beyond the 13.4 gigawatt commissioning? So do we have sufficient land availability or do we have to look for new land acquisitions, site selections, et cetera?
Sumant Sinha: Yes. So we keep evaluating and making sure that we have a pipeline of development assets that go over and above the PPAs that we already have in hand. And it’s not just land acquisition, it’s also a question of getting transmission and connectivity. That is equally critical. So we work on both in conjunction. And in certain cases, if you can get the transmission connectivity, then you actually don’t need to get the land bought in that area simply because you already block the connectivity out of that area. So the strategies could be different to lock in development pipelines for future. But at any given point in time, I can’t give you an exact number because that varies, of course. But certainly, we would typically have a development pipeline in the process, which is typically 2 to 3 years beyond what our contracted portfolio is.
So if today a contracted portfolio is 13.4 gigawatts, typically, we would have a development pipeline that could be at least another 2, 3 years out. And it’s really on the basis of that development pipeline that we then bid for future projects beyond the contracted capacity that we already have it in hand. So that’s a very active program. We have not talked about that in the past, but that is something that we work on constantly because in some ways, that is what gives us the right to keep growing our business. And therefore, there is a lot of effort and a lot of focus that we have in that area. And we also, of course, commit development capital to make sure that we continue to either block the land or the transmission connectivity as appropriate.
Operator: There are no further questions at this time. This will conclude our conference for today. Thank you for your participation. You may now disconnect.
Sumant Sinha: Thank you.
