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Future SECI Tenders, Auctions & Renewable Energy Bidding Methodology: How to Secure & What to Expect ?
18th August 2020 @ 3:30 pm - 5:00 pm IST
If everything goes well, India will see bids opening for 21,000 MW of wind, solar and hybrid power projects within next 1 to 2 months. Tenders are issued frequently by both the Central government ( SECI), State governments and government-owned companies, many bid opening dates of these are scheduled to take place in August for large scale auctions. Nonetheless if you take into account smaller projects & floating tenders upto 50MW by various state government or public sector undertakings, , the total capacity under tenders would be much more. Some upcoming tenders include 7,500-MW solar project in Leh and Kargil districts, bids for which are scheduled to be opened in August 5. About 618 MW of utility scale solar tenders and 225 MW of wind-solar hybrid tenders were issued in the month of June despite the Covid-19 outbreak, tender activity is expected to grow in coming months. Hybrid tenders are going to be the future with (SECI) issuing two big tenders offering a total of 4 gigawatts solar and wind energy capacity, some significant change in this new tender is the removal of tariff .
The share of renewable energy (including large hydro) in India’s overall installed power capacity mix rose marginally to 36.2% at the end of the first quarter of 2020, from 35.9% at the end of the calendar year (CY) 2019 .This event is to discuss the methodology and structure of future Renewable Energy Bids, throw light on specialized bids for large-scale adoption of renewable energy with storage, economics behind extremely low tariffs, role of BCD while bidding and other key variables
We give you an Expert Opinion of the appropriate solutions that would be used in SECI’s future bidding parameters and evaluation. These characteristics are essential to be built into projects to keep the future renewable energy capacity additions on track. SECI has overall tendered approximately 3.6 GW capacity of solar-wind hybrid projects under the ISTS program (Tranche I to Tranche III) and auctioned 1.56 GW under Tranche I & II. Some important factors for future bids include requirements of high PLF, firmness, and flexibility in renewable power. Find out how can developers, EPCs, OEMs can bid with current constraints on capital to make bidding a smooth affair.
It is worth bearing in mind that competition in this area is growing with the availability of both funds and technology. Find out what a Futuristic Specialist Bid comprises of that will provide a considerable return on investment as it will increase your win-rate for renewable energy tenders.