SECI Invites Bids for 8000 MWh Peak Power Supply from ISTS-Connected RE Projects
Solar Energy Corporation of India has released a tender for the selection of RE power developers for an assured peak supply of 8000 MWh (2000 MW x 4 Hrs.) from ISTS-connected RE projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-VI). Bid submission closes on October 17, 2024.
September 13, 2024. By Mrinmoy Dey
Election of RE Power Projects for a total Contracted Capacity of 2000 MW will be carried out through e-bidding followed by an e-reverse Auction process. A bidder, including its parent, affiliate or ultimate parent or any group company shall submit a single bid offering a minimum quantum of cumulative contracted capacity of 50 MW and a maximum quantum of 1000 MW.
The bidder needs to deposit INR 50,000 (Plus GST) as the cost of the RfS document through NEFT/ RTGS transfer in the account of SECI. Further, a bid processing fee of INR 20,000/MW (Plus GST) for the quoted capacity subject to a maximum amount of INR 20,00,000 (Plus GST) also needs to be transferred.
The bidder also needs to submit an earnest money deposit (EMD) in the form of a Bank Guarantee/POI/Surety Bond which will be a sum of INR 9,42,000 x Rated cumulative Installed Capacity of Solar PV component (MW) + INR 12,98,000 x Rated cumulative Installed Capacity of Wind component and other RE generating sources (MW) + INR 3,41,000 x Rated cumulative Installed Capacity of the ESS component (MWh).
Selected bidders will also need to submit a Performance Guarantee which will be a sum of INR 23,55,000 x Rated Installed Capacity of Solar component (MW) + INR 32,45,000 x Rated cumulative Installed Capacity of Wind component and other RE generating sources (MW) + INR 8,52,500 x Rated cumulative Installed Capacity of the ESS component (MWh).
The pre-bid meeting will be held on September 23, 2024. Bid submissions end on October 14, 2024. Bids will be opened on October 17, 2024.
As per the scopes defined in the tender document, the RE Power Developer (RPD) shall be required to set up ISTS-connected RE power project(s) with an Energy Storage System (ESS), including the transmission network up to the interconnection/delivery point with the primary objective of supplying RE Power to SECI. It further clarified that ESS charged using a source other than RE power would not qualify as RE power.
Further, the developer also needs to take care of the identification of land, installation and ownership of the project(s), along with obtaining connectivity and necessary approvals and interconnection with the ISTS network for the supply of power to SECI.
“The Projects can be located anywhere in India at the locations chosen by the Bidder/RPD at its own discretion of cost, risk and responsibility. For a single Project, the RE generation components, along with ESS have to be co-located,” mentioned the tender document.
Further, the tender document clarified that the project should be designed for interconnection with the ISTS in accordance with the prevailing CERC regulations in this regard. “Only the bidders who have already operational connectivity for Solar PV Projects at the Delivery Point are allowed to participate,” noted the tender document.
As for the financial eligibility, the minimum net worth should be a sum of INR 94,20,000 x Rated Installed Capacity of Solar PV component (MW) + INR 1,29,80,000 x Rated Installed Capacity of Wind Power component and other RE sources (MW) + INR 34,10,000 x Rated Installed Capacity of ESS component (MWh).
The above-mentioned net worth amount shall be demonstrated by the Bidder as on the last of the previous Financial Year, i.e., FY 2023-24 or as on the day at least seven days prior to the bid submission deadline.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling