SECI has invited RfS bids for development of 2,500 MW ISTS-connected wind power projects under Tranche VI. This is a global tender but Limited Liability Partnerships (LLPs) are not eligible to participate. A single bidder can bid for a minimum of 50 MW and maximum of 300 MW capacity.
The scope of work includes the setting up of the transmission network up to the delivery point. The projects are required to be designed for inter-connection with the CTU transmission network at voltage levels of 220 kV or above. The maintenance of the transmission system up to the interconnection point will be the responsibility of the developer. The developers will also be responsible for obtaining all approvals, permits, and clearances required, including those required by state governments. In addition the project developers will have to report tie-up of 100 per cent of the financing arrangements for the project within seven months from the effective date of the PPA.
The developers will be penalised if the minimum project generation falls below the generation corresponding to that year’s declared CUF and pay the compensation to SECI as per the PPA. SECI will write off the penalty in case of grid non-availability for evacuation. For generation above the maximum levels, SECI will purchase the excess generation over and above 10 percent of the declared annual CUF and at 75 per cent of the PPA tariff. However, the project developer can sell the excess energy to any other entity in case SECI refuses to procure the same.
The projects will be developed on a BOO basis and the successful bidders will enter into 25-year PPAs with SECI. The time-frame for the commissioning of the project has been set at 18 months from the effective date of the PPA. A developer will be allowed a maximum of 27 months to commission the project. The last date for bid submission is August 7, 2018.