The Solar Energy Corporation of India (SECI) has initiated a call for bids for the development of 1200 MW of solar photovoltaic (PV) power projects. These projects are to be integrated with 600 MW/1200 MWh Energy Storage Systems (ESS) and connected to the Interstate Transmission System (ISTS), part of a tariff-based competitive bidding process named SECI-ISTS-XV. Interested developers are invited to submit bids by April 26, 2024, with the opening of bids scheduled for May 1, 2024.
The initiative demands a bid processing fee of Rs. 5 lakh plus taxes for projects ranging from 50 MW to 90 MW and Rs. 15 lakh plus taxes for projects of 100 MW and above. Additionally, an Earnest Money Deposit (EMD) of INR 12.94 lakh per MW per project is required in the form of a Bank Guarantee alongside the bid. Winning bidders will be obligated to furnish a Performance Bank Guarantee (PBG) amounting to INR 32.35 lakh per MW per project before the Power Purchase Agreement (PPA) is signed.
Under this Request for Selection (RfS), developers are responsible for setting up the solar projects and the associated ESS, including the necessary transmission network up to the interconnection/delivery point. This includes identifying and acquiring land, installation, obtaining connectivity, necessary approvals, and ensuring interconnection with the ISTS network. The scheme aims to deploy solar photovoltaic technology, allowing for technology-agnostic project selection. Projects must include a minimum ESS capacity of 0.5 MW/1 MWh for every 1 MW of project capacity, exclusively charged by solar power. Changes in ESS technology during the PPA term are permitted at the developer’s risk and cost, with prior notification to SECI. Bidders can propose projects ranging from a minimum of 50 MW to a maximum of 600 MW, in multiples of 10 MW.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
