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SECI shall enter into the Power Purchase Agreement (PPA) with the successful bidders selected for the purchase of solar power for a period of 25 years.
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The Solar Energy Corporation of India (SECI), a government of India enterprise, has invited bids for setting up of grid-connected solar PV projects to be installed anywhere in India on ‘Build Own Operate’ basis for an aggregate capacity of 3000 MW.
As per the RfS document, SECI has invited bids for “selection of solar power developers for setting up of 3000 MW (250 MW x 12) ISTS-connected solar power projects under global competitive bidding”.
Adding to it, SECI shall enter into the Power Purchase Agreement (PPA) with the successful bidders selected based on the RfS for purchase of solar power for a period of 25 years based on the terms, conditions and provisions of the RfS.
Further, the power procured by SECI from these projects has been provisioned to be sold to the different Buying Utilities of India.
Moreover, the maximum tariff payable to the project developer is fixed at INR 2.93/ kWh for 25 years.
Also, the deadline for the submission of bids is April 27, 2018.
Go through the SECI website for more information by clicking here.