State-run REC on Friday said its arm REC Power Distribution Company Ltd has emerged as the lowest bidder for a 10 MW solar project in the Jaipur district of Rajasthan under an auction conducted by the Solar Energy Corporation of India (SECI).
REC stated that “REC Power Distribution Company Ltd (REC-PDCL), a wholly-owned subsidiary of REC Limited, has emerged as the lowest bidder to install a 10 MW solar power plant at Bagru Kala Town, Jaipur District, Rajasthan on BOO (Build-Own-Operate) basis.
As per the request for selection (RfS) invited by SECI, the Jaipur Development Authority (JDA) will enter into a power purchase agreement (PPA) with the successful bidder for the purchase of solar power for a period of 25 years.
In June, The Solar Energy Corporation of India Limited (SECI) issued a notice inviting tender (NIT) for Selection of Solar Power Developers for Setting up of 10 MW Grid Connected Solar PV Power Project to be installed at Bagru, Jaipur District, Rajasthan under Global Competitive Bidding.
The projects will be connected to the Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPNL) grid substation, Bagru at 33 kV, and will be set up on 15-hectare land owned by the JDA.
The REC-PDCL’s success in winning this project through e-reverse auction (e-RA) signifies the company’s competitiveness and commitment of REC and its subsidiaries towards promoting renewable energy in line with the covenants of the Paris Agreement and with the national target of 175 GW of renewable energy by 2022, company added.