SECI issues tender for 2.25 GW of RTC renewable power

Solar Energy Corporation of India (SECI) has issued a request for proposals for supply of 2.25 GW renewable energy round-the-clock (RTC) power complemented with power from any other source or storage as its RTC Tranche III tender. This will be tariff-based competitive bidding, with land and connectivity in the scope of the renewable energy developer.

Further, the projects will be set up on build-own-operate basis and SECI will sign a 25-year power purchase agreement with the bidder. The power procured by SECI from these projects has been provisioned to be sold to the MPSEZ Utilities Limited (MUL). A pre-bid meeting will be held on September 13, 2022. Meanwhile, the bid submission end date is October 10, 2022 and the bids will be opened on October 13, 2022.

SECI’s previous RTC auction was held in October 2021. The tender was launched in March 2020, originally for the delivery of 5 GW of RTC power from grid-connected renewable power projects, coupled with power from coal-based thermal projects. In August 2020, SECI issued amendments to the tender documents wh­e­rein the capacity was halved to 2.5 GW. Among other amendments, bidders could tie up any amount of non-renewable power capacity. In the reverse auction, Hindustan Thermal Pro­jec­ts emerged as the single winning bidder, quoting the lowest tariff of Rs 3.01 per kWh (L1 tariff), and was awarded 250 MW of capacity.

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