12 companies submit bids for setting up of 3,000 MW ISTS connected solar power projects

A total of 12 companies have submitted the technical bids for development of the 3,000 MW ISTS-connected solar PV project. These are:

Developer Bid capacity (MW)
ReNew Power Limited 500
ACME Solar Holding Private Limited 600
Adani Green Energy 300
Azure Power 300
Mahindra Group 250
Sprng Energy Private Limited 250
Tata Power Solar Systems Limited 250
Hero Future Energies Limited 250
ACB India Limited 200
Canadian Solar Inc. 200
Mytrah Energy Limited 200
SBG Cleantech 1,800

 

With this, the tender issued by SECI in February 2018 has been oversubscribed by an aggregate capacity of 2.1 GW. The bids have been invited on public-private partnership (PPP) model on BOO basis. SECI has been designated as trader for purchase and sale of wind power generated under the scheme. It is expected to enter PPA with the solar power developers for a period of 25 years. The financial bids for the same are yet to be opened

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