Ayana, Fortum win 600 MW in SECI’s solar auction

The winners of the Solar Energy Corporation of India’s (SECI) auction for 1,200 MW interstate transmission system (ISTS)-connected solar power projects (Tranche-X) in Karnataka are Project Eight Renewable Power (Ayana Renewable Power) and SolarOne Energy (Fortum). Ayana was awarded a capacity of 300 MW at a tariff of Rs 2.36 per kWh. Out of the quoted 400 MW, Fortum was able to win 300 MW of capacity at a tariff of Rs 2.37 per kWh.

Bidders Capacity (MW) Tariff (Rs per kWh)
Project Eight Renewable Power (Ayana Renewables Power)  

300

 

2.36

SolarOne Energy (Fortum)

 

300 2.37
Total 600

According to SECI, this tender would award a maximum of 600 MW of solar capacity to ISTS substations in Gadag and Koppal districts. The remaining capacity will be auctioned on February 4, 2022, as part of this substation-based auction.

In January 2022, SECI floated a tender for the development of 1,200 MW of ISTS-connected wind generation plants in India (Tranche XIII). The scope of work comprises identifying land, installation, and ownership of the project, obtaining connectivity, long-term access, and necessary approval and interconnection with the ISTS network to supply power to SECI.

As per the tender guidelines, to participate in the bidding process, the bidders must have a net worth of Rs 13.26 million per MW of quoted capacity as of the end of the preceding financial year. The bidders must have a minimum annual turnover of Rs 5.18 million per MW of quoted capacity in the previous financial year. Further, the wind project developers will be responsible for the land acquisition required to construct the projects. SECI will not be accountable for it in any manner. At the time of financial close, bidders must additionally provide information regarding the wind turbine that will be proposed to install in the project. The bid submission deadline is February 18, 2022.

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