SECI floats bids for 800 MW renewable projects

The Solar Energy Corporation of India (SECI) has floated a tender for setting up inter-state transmission system (ISTS) connected renewable energy projects including energy storage systems for a capacity of 800 MW. The projects will be set up on the basis of tariff-based competitive bidding. The projects will be set up as a part of Firm and Dispatchable Renewable Energy III programme of SECI. The developer will be responsible to deliver firm and dispatchable power, along with obtaining land and bearing the cost of ISTS connectivity.

According to the tender guidelines, the bidders are required to submit earnest money deposits based on their commitment of the total cumulative installed capacity. The bidder is required to offer a minimum bid capacity of 50 MW and a maximum bid capacity of 400 MW. The developer is required to submit a performance bank guarantee in the form of a security deposit before the signing of the power purchase agreement.

The project is scheduled to be commissioned within 24 months of the signing of power purchase agreement (PPA). The power generated from these projects will be sold to Haryana Power Purchase Centre. The SECI shall serve as the intermediate nodal agency for the purpose of acquiring and selling this power to the purchasing companies on a back-to-back basis. The last date for bid submission is September 29, 2023.

Recently, in August 2023, the SECI floated a tender for setting up ISTS connected wind power projects, tranche – XV with capacity 1.3 GW.