SECI has issued a notice, informing prospective developers that the agency will be inviting proposals for the development of 400 MW of renewable projects
The Solar Energy Corporation of India (SECI) has issued a notice, informing prospective developers that the agency will be inviting proposals for the development of 400 MW of renewable projects on a pan India basis soon. The selected projects and developers will be required to connect the projects with the inter-state transmission system (ISTS).
As per the notice, the details of the tender and related documents will be released on October 15, 2019.
The projects can be developed anywhere in India, and the nodal agency will procure the power that is generated on a ‘round-the-clock’ basis, for which the successful bidders will enter into a power purchase agreement (PPA) with SECI for a period of 25 years.
The projects will be developed on Build-Own-Operate (BOO) model, and the power that SECI procures will be sold on to the New Delhi Municipal Corporation (NDMC) and the UT of Dadra and Nagar Haveli.
Recently, SECI had reissued a Request for Selection (RfS) for the selection of solar power developers (SPDs) for setting up of 500 MW grid-tied solar PV power projects in the state of Tamil Nadu (Phase-1). The last date for bid submission is October 14, 2019. The estimated cost of tender work is Rs 2 thousand crore. All bidders must submit an Earnest Money Deposit of Rs 4 lakh per MW of bid quantity along with their bids.
More recently, the nodal agency had conducted the auctions for its 2 GW CPSU solar tender. And following the Viability Gap Funding route in the auction, SECI awarded project capacities worth 922.4 MW.
In total, 922.4 MW capacity was awarded to six bidders through the reverse auction process. State-owned NHDC Ltd. was awarded 25 MW capacity after quoted the lowest VGF amount of Rs 55 lakh/MW. The biggest winner in the project was NTPC ltd. which walked away from the auction with 769.4 MW capacity after having quoted the highest VGF of Rs 70 lakh/MW for setting up of 922.4 MW projects, which was also the maximum limit set by SECI.
Other winners included, Delhi Metro (DMRC) which was awarded 3 MW (Rs 69.75 lakh), Singareni Collieries (SCCL) with 90 MW at VGF of Rs 60 lakh/MW, Assam Power Distribution Company with 30 MW for VGF Rs 68 lakh/MW, and Nalanda University with 5 MW capacity at 69.95 lakh/MW.