SECI Opens Bidding for 500 MW Offshore Wind Power Project

SECI has invited bids for a 500 MW offshore wind power project (Tranche-I) in India. The tender involves a single bid system, requiring a document fee of INR 50,000, a bid processing fee of INR 20 lakh, and an EMD of INR 37 lakh per MW. Submissions must adhere to the specified deadlines and procedures.

September 16, 2024. By EI News Network

The Solar Energy Corporation of India (SECI) has officially launched the Request for Selection (RfS) for a significant offshore wind power initiative, seeking developers for a 500 MW ISTS-connected offshore wind power project (Tranche-I). This move marks a pivotal step in India’s effort to harness its offshore wind potential, capitalising on its extensive coastline.

The tender invites proposals from qualified developers interested in setting up the offshore wind power project on a Build-Own-Operate (BOO) basis. Successful bidders will enter into a Power Purchase Agreement (PPA) with SECI for a 25 years term. focusing on the sale of power generated to Gujarat Urja Vikas Nigam Limited (GUVNL) on behalf of Gujarat’s distribution companies.

"An area of 202 sq.km. in the Gulf of Khambhat, off the coast of Gujarat has been identified for the Project." as per the document. The project, supported by the Ministry of New and Renewable Energy (MNRE), aligns with recent guidelines issued under the Viability Gap Funding (VGF) Scheme. This scheme aims to provide financial support to offset the initial costs of offshore wind projects, making them more attractive to developers.

Bidders must adhere to a Single Stage, Two-Envelope Bidding Procedure, with proposals to be submitted through SECI’s e-tendering portal. The bidding process involves a non-refundable document fee of INR 50,000 plus GST and a bid processing fee of INR 20 lakh plus GST. Additionally, an Earnest Money Deposit (EMD) of INR 37 lakh per MW is required. The pre-bid meeting details and submission deadlines will be posted on SECI’s or ISN-ETS portal website.

Interested parties are encouraged to register on the ISN-ETS portal to participate. The RfS document, along with any amendments or clarifications, can be downloaded from SECI’s official website or ISN-ETS. SECI reserves the right to amend or withdraw the tender at its discretion.

This initiative is a significant stride towards expanding India’s renewable energy capacity and advancing its offshore wind sector, reflecting the country’s commitment to clean energy and sustainable development.

Download the attached file

Tags:

Offshore wind tenders

Offshore wind power projects

Offshore wind power projects in India

MNRE

SECI Opens Bidding

Offshore Wind Projects