The Ministry of New & Renewable Energy (MNRE) has announced its bidding plan for renewable energy projects, with a target of 50 GW for the fiscal year 2023-24. This plan follows the Bidding Trajectory for Renewable Energy Power Projects issued in March 2023. The Renewable Energy Implementing Agencies (REIAs), including SECI, NTPC, NHPC, and SJVN, have been asked to coordinate with each other to avoid concurrent bids.
SECI and NTPC Ltd have been assigned the responsibility of issuing tenders for a total of 15 GW renewable energy projects each, out of which 12.5 GW will be for solar/hybrid/Round-the-Clock (RTC) projects and 2.5 MW for wind projects. Similarly, NHPC Ltd and SJVN Ltd have been tasked with issuing tenders for 10 GW each, out of which 7.5 GW will be for solar/hybrid/RTC projects and 2.5 MW for wind projects each.
The bidding process will follow the standard guidelines issued by the government and the instructions for renewable energy tenders issued by MNRE.
The Ministry had previously announced its plan to issue bids for renewable projects worth 50 GW each year between FY 2024-28. The plan also included a minimum of 10 GW of wind tenders to be issued.
View the official document here: