SECI reduces tendered capacity for renewable RTC projects bundled with thermal energy

SECI has amended its tender document for 5 GW of round-the-clock power from grid-connected renewable energy projects bundled with coal-based energy. Under the amendment, the initial tendered capacity has been halved to 2.5 GW and the weighted average levellised tariff has replaced the single composite tariff proposed in the initial tender. Further, the bidder can quote a minimum capacity of 250 MW and a maximum of 5 GW. The amended tender document offers flexibility with respect to energy storage systems as they can now be co-located or located at other sites. However, the source and the quantum of power from the non-renewable energy source cannot change as long as the PPA is valid. The current tender was initially floated in March 2020 and amended in August 2020.

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