Second 1200 MW Solar Tender Issued With Madhya Pradesh Delivery Point

SECI has issued a second tender for developing solar projects worth 1200 MW, but the projects will be connected to the ISTS network in Madhya Pradesh.

SECI 1200 MW Madhya Pradesh

The Solar Energy Corporation of India (SECI) has issued a second tender for selection of solar power developers (SPDs) for developing solar projects worth 1200 MW, but, the projects will be connected only to the ISTS network in Madhya Pradesh (ISTS-VI).

This is the second 1200 MW tender issued by the nodal agency for developing solar projects in the country. However, unlike the first tender, this tender has a specific condition of connecting all the projects developed only to the ISTS network in Madhya Pradesh.

As part of the Government of India’s target to achieve a cumulative capacity of 100 GW Solar PV installation by the year 2022, SECI has invited proposals for setting up of grid-connected Solar PV projects anywhere in India on “Build Own Operate” (B-O-O) basis for an aggregate capacity of 1200 MW across India. However, the Delivery Point for the Projects shall be chosen by the Bidder only out of designated ISTS Substations located in Madhya Pradesh,

The last date for bid submission is August 9, 2019. The techno-commercial bids will be opened on the same date. A pre-bid meeting has been scheduled for July 11, 2019, to address the concerns raised by the prospective bidders.

SECI shall enter into a Power Purchase Agreement (PPA) with successful SPDs for a period of 25 years from the date as per the provisions of PPA. The maximum tariff payable to the Project Developer is fixed at Rs 2.65/ kWh for a period of 25 years. The power procured by SECI from the above Projects has been provisioned to be sold to the different Buying Utilities of India.

All bidders must submit a bid processing fee of Rs 5 lakh +18% GST for each Project from 50 MW up to 90 MW capacity, and Rs 15 lakh + 18% GST for each Project from 100 MW and above capacity. Additionally, all bidders will be required to submit an Earnest Money Deposit (EMD) of Rs 4 lakh per MW per project.

As per the RfS, already commissioned projects cannot be considered. Projects under construction or projects which are not yet commissioned will, however, be considered, in case these projects are not already accepted under any other central or state schemes.

Every bidder may submit a single bid for any quantity between (and including) 50 MW to 600 MW, which shall be quoted only in multiples of 10 MW. The total capacity to be allocated to a bidder shall be up to 600 MW.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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