SECI Invites Bids for 800 MW Dispatchable Renewable Energy Supply with Storage

Solar Energy Corporation of India (SECI) has initiated a call for bids to select renewable energy developers for the supply of 800 MW firm and dispatchable power from Inter-State Transmission System (ISTS)-linked renewable energy ventures, which also encompass energy storage systems. This venture is part of SECI’s Firm and Dispatchable Renewable Energy (FDRE) III program.

As per the guidelines, chosen developers must secure both land and connectivity. Interested parties can submit their bids until September 29, 2023, with bid opening scheduled for October 5. Tender Fee is Rs.29500 and bis processing fee is Rs. 15 Lakh + 18% GST for each Project. Based on the cumulative Installed Capacity committed by the Bidder as part of its response to RfS, Earnest Money Deposit (EMD) shall be submitted as per the formula: Earnest Money Deposit = [INR 9,28,000 x Rated cumulative Installed Capacity of Solar component (MW) + INR 12,64,000 x Rated cumulative Installed capacity of Wind component (MW) + INR 14,64,000 x Rated cumulative Installed Capacity of the ESS component (MW)].

Furthermore, Bidders selected by SECI based on this RfS shall submit Performance Guarantee for a value determined as per the formula: Performance Bank Guarantee = [INR 23,20,000 x Rated Installed Capacity of Solar component (MW) + INR 31,60,000 x Rated Installed capacity of Wind component (MW) + INR 36,60,000 x ESS Capacity (MW)].

Notably, the minimum and maximum cumulative contracted capacities permissible are 50 MW and 400 MW, respectively. Developers must allocate solar capacity at least 1.5 times the contracted MW in Haryana. The remaining capacity can be installed across India. SECI’s initiative aims to enhance renewable energy infrastructure while adhering to regulatory standards.

View the tender document: