RfS bids invited for Tranche I of 2,500 MW ISTS-connected wind-solar hybrid power projects

Solar Energy Corporation of India Limited (SECI) invited Request for Selection (RfS) bids for development of 2,500 MW of inter-state transmission system (ISTS)-connected wind-solar hybrid power projects under Tranche I. The tender follows MNRE’s recent announcement of the new policy for wind-solar hybrid projects under which the ministry has appointed SECI as the nodal agency for the projects. Even though this is an international tender, Limited Liability Partnerships will not be eligible for participation.

SECI has fixed an upper tariff ceiling of Rs 2.93 per kWh for the tender. As per tender guidelines, a single bidder is allowed to bid for a minimum total of 200 MW and a maximum total of 500 MW capacity. The minimum project size that can be developed at a single location is 50 MW. According to MNRE’s guidelines for bidding process of the 2.5 GW ISTS-connected wind solar hybrid program, the developers will be allowed a maximum of 27 months to commission the project.

In case of shortfall in generation, the developers will have to pay compensation to SECI. This compensation will be exempted in cases of under generation due to non-availability of grid for evacuation. In case of over generation, SECI will purchase the excess power generated at the PPA tariff.

SECI will sign the PPA with successful hybrid project developers for a time period of 25 years from the signing of the PPA. The projects are expected to be implemented on build, own and operate (BOO) basis. The last date for bid submission is August 8, 2018.

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