SECI extends bidding deadline for its solar tender with battery storage in Leh and Kargil

SECI has extended the bid submission deadline for its tender for 14 MW of solar projects with 42 MWh battery energy storage system (BESS) at Leh and Kargil. The project will be developed under the Prime Minister Development Package (PMDP).The date for the submission of bids has now been extended from April 16, 2020, to June 1, 2020. In February 2020, the last date for the submission of bids was March 16, 2020. As per the notification issued by SECI, in light of the corona virus pandemic and country-wide shut down, the site visits have been postponed indefinitely.

SECI had initially issued an NIT for the tender in March 2019.The projects should be developed on a build-own-operate basis, and the selected project will be given a viability gap funding (VGF) in line with the terms and conditions of the tender. The upper limit for the VGF to be quoted by a bidder has been kept at Rs 130 million for 1 MW solar project with a battery storage of 3 MWh.

SECI will release 50 per cent of the VGF after the supply of the equipment at the project site, and the remaining 50 per cent will be released after the successful commissioning of the project.The tariff to be paid to the successful solar power developer by the buying entity has been set as Rs 2.00 per kWh at the interconnection point, which will remain flat for the entire period of the power purchase agreement. The land for setting up the solar projects with battery storage will be facilitated and made available to the developer by the Ladakh Renewable Energy Development Agency (LREDA) and Kargil Renewable Energy Development Agency (KREDA) separately. The LREDA & KREDA will also provide the required land for the establishment of a substation.  The declared annual capacity utilisation factor should not be less than 17 per cent.

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