SECI’s 2GW ISTS-Connected Wind Projects Tender to Close on May 06

State-owned Solar Energy Corporation of India Ltd’s (SECI’s) tender for 2 GW (or 2,000 MW) inter-state transmission system (ISTS) connected wind power projects in India under tariff-based competitive bidding (Tranche-IX) will be closed on May 06, 2020.

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Thus, interested bidders can submit their bids on or before May 06, 2020, by 6:00 p.m. Also, SECI will open the bids on May 11, 2020.

However, the nodal agency had already conducted the pre-bid meeting for the same on April 30, 2020, as earlier intimated on April 24, 2020, that it has rescheduled the pre-bid meeting to April 30, 2020, from the earlier scheduled date of April 08, 2020.

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Initially, SECI had issued the tender on March 20, 2020, and interested bidders will have to submit a tender fee of Rs 29,500 and earnest money deposited (EMD) of Rs 6 lakh at the time of applying.

As per the tender details, wind projects are required to be designed for inter-connection with the ISTS network at a voltage level of 220 kV or above. The minimum cumulative project capacity awarded will be 50 MW and the maximum cumulative project capacity awarded will be 2 GW.

To be eligible for participating in the bidding process, the net worth of the bidder should be equal to or greater than Rs 1.20 crore per MW of the quoted capacity, as on the last date of previous FY 2018- 19, or as on the date at least 7 days prior to the due date of bid submission, and will also have a minimum annual turnover of Rs 57 lakhs/MW of the quoted capacity during the same period.

For more information click here.