The Solar Energy Corporation of India (SECI) has called for bids to deliver firm and transportable power of 1.5 GW for inter-state transmission system (ISTS) connected renewable projects based on tariff-based competitive bidding.
As per the tender guidelines, the bidders are required to submit a 12-month valid earnest money deposit in the form of a bank guarantee based on the commitment provided of the total cumulative capacity to be installed. In addition, the successful bidder should also submit a performance bank guarantee as a security amount before the signing of the power purchase agreement. Furthermore, in addition to bearing the cost for ISTS-connectivity which should have a minimum voltage of 220 KV, the developer will be in charge of making land and connectivity agreements. The bid submission deadline is September 15, 2023.
In July 2023, in the auction held by SECI to establish 2 GW of ISTS-connected solar projects (Tranche XI), six developers were declared the winners. At Rs 2.60 per kWh, ReNew Power and Sukhbir Agro Energy Limited each bagged 600 MW of capacity. At the same tariff, Shiva Corporation India Limited, Jakson Group and Eden Renewables won 100 MW, 200 MW and 300 MW, respectively. Meanwhile, Avaada Energy won 200 MW capacity at a tariff of Rs 2.61 per kWh.
In the same month, SECI issued a request for proposals to select a firm to conduct soil investigations at prospective 13 GW renewable energy project locations in Leh, Ladakh.