SECI Invites Bids for 1000 MW ISTS-Connected Solar PV Power Projects
The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for Solar Power Developers to set up 1000 MW ISTS-connected solar PV power projects in India through Tariff-Based Competitive Bidding (SECI-ISTS-XII).
October 18, 2023. By News Bureau
This development underscores the nation's commitment to expanding its renewable energy capacity and comes on the heels of several recent bids for renewable projects, signaling a surge in tendering activity.
Bidders are invited to participate, with the last date for bid submissions set for November 20, 2023. The bid opening date is November 23, and a pre-bid meeting is scheduled for October 19. The projects are expected to be completed within 24 months from allotment.
The power generated by these projects will be procured by SECI and sold to various buying entities within India. The specific buying entities will be communicated at a later date. SECI will act as an intermediary nodal agency for power procurement from the Solar Power Developers (SPDs) and its sale to buying entities, ensuring a seamless process contingent on the performance of both SPDs and buying entities.
The tender also allows bidders to avail of fiscal incentives such as accelerated depreciation, concessional customs and excise duties, and tax holidays. These incentives will not influence the evaluation of bids, as SECI provides an equal opportunity to all bidders. Any non-availability of fiscal incentives will not impact the applicable tariff.
Notably, SECI welcomes participation from SPDs who have commissioned solar PV plants or are in the process of constructing such plants, provided they have untied capacity. In such cases, a longer Power Purchase Agreement (PPA) period will be granted based on the duration between the actual commencement of power supply and the Scheduled Commencement of Supply Date (SCSD).
The responsibility of land identification, project installation, and project ownership, including obtaining connectivity and necessary approvals, rests with the SPDs.
Each bidder is required to submit a single bid offering a minimum capacity of 50 MW and a maximum of 500 MW in prescribed formats, with projects quoted in multiples of 10 MW. The minimum voltage level for a single block should be 33 kV, and a single tariff shall be quoted regardless of the number of projects and their configurations.
please contact: contact@energetica-india.net.
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