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SECI Announces Tender for 2000 MW Solar Projects in India with 25 Year PPA

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Representational image. Credit: Canva

The Solar Energy Corp. of India (SECI) has announced a tender to build 2000 MW of solar projects across India.

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The projects will be connected to the interstate transmission system and developed on a build-own-operate basis.

SECI will sign a 25-year power purchase agreement with the successful bidders, and the power procured will be sold to various buying entities in India.

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The tender is open to new solar projects that are not yet commissioned or already accepted under any central or state schemes.

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Developers can submit a single bid for any quantity between 50 MW to the entire tendered capacity of 2000 MW, in multiples of 10 MW only. The total capacity allocated to a developer cannot exceed 2000 MW. The projects must be commissioned within 18 months from the signing of the PPA.

Bid processing fees is 5 Lakh +18% GST for each project from 50 MW upto 90 MW, Rs. 15 Lakh + 18% GST for each Project from 100 MW and above, to be submitted through NEFT/RTGS transfer in the account of SECI, along with the response to RfS. EMD amount is Rs 11,58,000/MW per Project to be submitted in the form of Bank Guarantee.

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The deadline for submission of soft copies of bids for the SECI’s 2 GW solar project tender is May 10, 2023, while the deadline for the submission of hard copies is May 12, 2023. The bids will be opened on May 15, 2023. Interested bidders must ensure that they meet all the eligibility criteria and submit their bids in accordance with the guidelines provided in the tender documents.

View the tender document for more details:

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