The Solar Energy Corporation of India (SECI) has initiated the bidding process to select renewable energy developers for the supply of 1.5 GW of firm and dispatchable power from Inter-State Transmission System (ISTS)-connected renewable energy projects. The scope of the project includes both land and connectivity and will be awarded through tariff-based competitive bidding.
The power procured from these projects will be sold to Punjab State Power Corporation and Madhya Pradesh Power Management Company. SECI will act as the intermediary nodal agency for the procurement and sale of this power on a back-to-back basis, contingent on the renewable energy developer’s performance and the buying entities.
Interested bidders must submit their proposals by September 15, 2023, with bid opening scheduled for September 20. The Earnest Money Deposit (EMD) required from bidders will be calculated based on the cumulative installed capacity committed in their response to the Request for Selection (RfS).
The EMD, to be submitted in the form of a Bank Guarantee, must be valid for 12 months from the last date of bid submission. Failure to provide the EMD will result in the rejection of the bid. Electronic Bank Guarantee (e-BG) is also acceptable for the EMD.
Bidders are required to submit a single bid, including their parent companies, affiliates, or any group company, and must offer a minimum cumulative contracted capacity of 50 MW and a maximum of 750 MW, quoted in multiples of 10 MW.
The selected projects are expected to connect to the ISTS as per regulations set by the Central Electricity Regulatory Commission. The minimum voltage level required for interconnection with the ISTS is 220 kV, and the developer is responsible for arranging and bearing the cost of ISTS connectivity.
This bidding process represents a significant step in bolstering India’s renewable energy capacity, contributing to the country’s efforts in expanding sustainable power sources and meeting its renewable energy targets. By involving ISTS connectivity and promoting competitive bidding, SECI aims to drive growth in the renewable energy sector while ensuring efficient and reliable power supply to the state distribution companies.
More more details view the tender document: