SECI Invites RFS for 2250 MW ISTS-Connected Renewable Energy Tender

Avaada, ReNew, Sprng Among Winners of 1000 MW SECI Solar Tender

Solar Energy Corporation of India Limited (SECI) has invited a request for selection (RfS) for the supply of 2250 MW of round-the-clock (RTC) power from ISTS-Connected renewable energy power projects, complemented with Power from any other source or storage in India under tariff-based competitive bidding (RTC-III). 

The last date for submitting the online bid is October 10, 2022, & the offline submission is October 12, 2022. The bid will be open on October 13, 2022.

Under this RfS, developers shall set up RE Power Project, complemented with power from any other source or storage, including the dedicated transmission network up to the interconnection/ delivery Point, with the primary objective of supplying RE power to SECI, on its own cost and as per the provisions of the RFS and PPA.

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The projects can be located anywhere in India. For a single project, the RE generation components, along with ESS installed, if any, may either be co-located or may be located at different locations.

Each interested bidder will have to pay Rs. 29,500 as a tender / RFS document fee, which is non-refundable. Each interested bidder also will have to pay Rs. 15 lakh + 18% GST as a bid processing fee. The awarded bidder will have to submit Rs. 12,26,000 /MW as an earnest money deposit. Awarded Bidder will also have to submit Rs. 18.39 Lakhs/MW as a performance guarantee amount. 

The Selected Bidder must pay SECI Rs 1 lakh per megawatt-hour plus 18% GST, which corresponds to the contracted capacity awarded, within 30 days of the LoA’s issuance or at least seven days before the PPA’s signing date, whichever comes first. The developer must provide a payment security deposit of Rs. 5 lakh/MW, which corresponds to the contracted capacity, before the declaration of commissioning of the project’s first part capacity.

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To procure this tender, a minimum annual turnover of the bidder should be Rs. 2.24 Crores/MW of the quoted capacity during the previous financial year, 2021-22, or on the day at least 7 days before the bid submission deadline. 

The net worth of the bidder should be equal to or greater than Rs. 1.839 Crores / MW of the quoted capacity, as on the last date of the previous Financial Year or as on the day at least 7 days before the bid submission deadline.

Bidders can view/download this SECI’s RFS of 2250 MW solar power plant tender documents and technical specifications here.

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