The project shall be implemented in Developer Mode with a fixed tariff of Rs 2 per unit with Viability Gap Funding (VGF) support.
The Solar Energy Corporation of India (SECI) has issued a Notice Inviting Tenders (NIT) for online bids to develop 14 MW of solar PV power plant with linked 42 MWh of Battery Energy Storage System (BESS) at two locations in Jammu and Kashmir.
The two systems (each 7 MW solar plant with 21 MWh BESS facility) will be developed at the Leh and Kargil divisions of the state.
The detailed Request for Selection Document (RfS) shall be available for downloading latest by March 15, 2019, onwards on www.tcil-india-electronictender.com.
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In January, we reported that the Ministry of New and Renewable Energy (MNRE) under the order of the President of India has launched a new scheme for setting up Solar PV Projects with aggregate battery storage capacity in Leh & Kargil.
The lands for setting up of solar projects with battery storage will be facilitated by Ladakh Renewable Energy Development Agency (LREDA) and Kargil Renewable Energy Development Agency (KREDA) in their respective regions.
SECI will be responsible for fund management i.e. release of Viability Gap Funding (VGF) and will also monitor the performances post commissioning of the projects.
The project shall be implemented in Developer Mode with a fixed tariff of Rs 2 per unit with Viability Gap Funding (VGF) support. And, a maximum Viability Gap Funding (VGF) support of Rs182 crores will be provided to Solar Project Developers for setting up the project. The project will be selected through a process of open competitive reverse bidding on VGF to make available generated solar power at a pre-fixed tariff of Rs 2.0 per unit. The upper limit of VGF is Rs 13.00 Crore for 1 MW solar PV project with battery storage of 3 MWh.
The Ministry has put a timeline between 2019-20 and 2020-21 for the completion of the project.