SECI Invites Bids For 1,200 MW Round-The-Clock Renewable Power Supply (SECI-RTC-IV) With Strict Financial And Performance Guarantees

The Solar Energy Corporation of India Limited (SECI) has issued a Request for Selection (RfS) to select renewable energy developers for supplying 1,200 MW of round-the-clock (RTC) power from Interstate Transmission System (ISTS)-connected renewable energy projects. SECI has structured this under tariff-based competitive bidding, designated as RfS No. SECI/C&P/IPP/13/0019/24-25, released on October 30, 2024.

A pre-bid meeting is scheduled for November 14, 2024, to provide clarification and address queries. The sale of bid documents will conclude on December 16, 2024, with the final date for bid submissions set for December 18, 2024. Subsequently, the bids will be opened on December 19, 2024.

Interested developers are required to set up renewable projects, including transmission networks, to deliver power at ISTS substations with a minimum voltage level of 220 kV. SECI aims to procure RTC power through these projects, enabling it to enter a 25-year Power Purchase Agreement (PPA) with the successful developers.

Prospective bidders must submit a non-refundable document fee of ₹ 50,000 plus GST and a bid processing fee of ₹ 20,000 per MW, capped at ₹20,00,000. The Earnest Money Deposit (EMD) amount for the bid is determined by the rated capacity of the project components, calculated as ₹9,42,000 per MW for solar, ₹12,98,000 per MW for wind, and ₹3,41,000 per MWh for energy storage components. This EMD must be provided in the form of a bank guarantee valid for 12 months from the bid submission deadline.

The contract specifies a Performance Bank Guarantee (PBG) requirement, where bidders need to furnish the PBG upon award of the project. In case of delays in the project’s commencement beyond the stipulated schedule, penalties may be imposed by encashing the PBG on a per-day basis relative to the contracted capacity that has not yet commenced power supply. The project’s Scheduled Commencement of Supply Date (SCSD) is set at 24 months from the effective date of the PPA, with an allowance of up to six months’ extension with a penalty.

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