SB Energy Private Limited and GRT Jewellers have submitted the bids for implementation of the 1,200 MW Inter-State Transmission System (ISTS)-connected solar power projects (ISTS-V). SB Energy has submitted bids for two projects with a total capacity of 450 MW.
Besides, GRT Jewellers has submitted bids for one project of 150 MW capacity. With this, the tender issued by Solar Energy Corporation of India Limited (SECI) in June 2019 has been undersubscribed with a cumulative capacity of 600 MW.
The project involves development of 1,200 MW of ISTS-connected solar PV plants anywhere in the country on build, own operate basis. The projects are expected to be completed in 24 months.