The Solar Energy Corporation of India Limited (SECI), a Navratna Government of India enterprise under the Ministry of New & Renewable Energy (MNRE), has invited bids for setting up 700 MW of Inter-State Transmission System (ISTS)-connected Solar PV Power Projects across India.
SECI issued the Request for Selection (RfS) under RfS No. SECI/C&P/IPP/15/0009/26-27 on September 3, 2026. The tender seeks to select Solar Power Developers (SPDs) through tariff-based competitive bidding under the C&I-1 category. The projects will be developed on a Build-Own-Operate (BOO) basis within Special Economic Zones (SEZs) or designated Export Oriented Units (EOUs).
The initiative is aimed at meeting the growing demand for renewable electricity from Commercial and Industrial (C&I) consumers. Electricity generated from the selected projects will be procured by SECI and supplied to an EOU C&I consumer in Odisha. The designated drawal point for the power supply will be the Paradeep ISTS Substation.
Under the arrangement, SECI will serve as the intermediary nodal procurer. It will enter into 25-year Power Purchase Agreements (PPAs) with selected solar power developers and corresponding Power Sale Agreements (PSAs) with the buying entity.
Developers can bid for a minimum capacity of 50 MW and a maximum of 700 MW, with bids to be submitted in multiples of 10 MW. The tender includes financial requirements intended to ensure serious participation and timely project execution.
Each bidder is required to pay a non-refundable RfS document fee of Rs. 50,000 plus applicable GST and a bid processing fee of Rs. 20 lakh plus GST per response. Bidders must also provide an Earnest Money Deposit (EMD) of Rs. 8 lakh per MW per project. The EMD can be submitted through a Bank Guarantee, Payment on Order Instrument or Insurance Surety Bond and must remain valid for 12 months from the bid submission deadline.
After receiving the Letter of Award, successful developers must submit a Performance Bank Guarantee (PBG) of Rs. 20 lakh per MW per project before signing the PPA. Developers will also be required to pay success charges of Rs. 1 lakh per MW plus GST to SECI in two equal installments.
The Scheduled Commencement of Supply Date (SCSD) has been set at 24 months from the Effective Date of the PPA. Developers must achieve 100% financial closure within six months before the SCSD. A maximum three-month extension may be allowed for commencement of supply, subject to applicable penalties, including pro-rata encashment of the PBG.
The tender notice was issued on September 3, 2026, with bid submission, pre-bid meeting and techno-commercial bid opening schedules specified in the Notice Inviting Tender available through the ISN-ETS portal under tender reference SECI-2026-TN000027.
Micro and Small Enterprises (MSEs) that meet the prescribed eligibility conditions will receive exemptions from the RfS document fee, bid processing fee and EMD requirements. The tender is expected to support additional solar capacity while strengthening renewable power supply for industrial consumers.
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