SECI Invites Bids for 1,200 MW Solar Projects with 3,600 MWh Energy Storage Systems
The Solar Energy Corporation of India (SECI) has issued a tender to select solar power developers for setting up 1,200 MW of ISTS-connected solar PV projects integrated with 600 MW/3,600 MWh energy storage systems under tariff-based competitive bidding. Bid submission ends on August 18, 2025.
June 20, 2025. By Mrinmoy Dey
The scope of work entails developing solar power projects, each integrated with a co-located energy storage system (ESS). This includes land acquisition, end-to-end project development, and establishing required interconnections with ISTS or state transmission networks.
Bidders need to pay INR 50,000 (plus GST) as a tender document fee. They also need to deposit INR 20,000/MW as a bid processing fee, subject to a maximum of INR 20 lakh. Further, they need to furnish INR 15.93 lakh/MW as an earnest money deposit (EMD). Selected bidders need to deposit INR 39.82 lakh/MW as a performance bank guarantee (PBG).
The last date for submission of bids is August 18, 2025. The techno-commercial bids will be opened on August 21, 2025.
Bidders need to bid for a minimum quantum of cumulative contracted capacity of 50 MW and a maximum quantum of 600 MW. The projects must be quoted in multiples of 10 MW only.
The tender mandates installing ESS of at least 0.5 MW/3 MWh capacity for 1 MW solar project capacity. It further clarified that ESS charged using a source other than solar power would not qualify as solar power. “For the avoidance of any doubt, it is hereby clarified that ESS may be owned by the SPD or maybe tied up separately with a third party by the SPD, for the supply of power,” it mentioned.
The projects shall be located at the locations chosen by the bidder at its own discretion of cost, risk and responsibility. Projects must be commissioned within 24 months from the Power Purchase Agreement (PPA) effective date, with a grace period of six months allowed for delays. The PPA will be valid for a duration of 25 years.
The tender proposes to promote only commercially established and operational technologies to minimise the technology risk and to achieve timely commencement of power supply from the projects.
The solar PV modules and solar PV cells must be from the models and manufacturers included in ALMM List-I (for solar PV modules) and ALMM List-II (for solar PV cells).
The net worth of the bidder must be at least INR 1.60 crore/MW of the quoted capacity, as on the last date of the previous Financial Year, i.e. FY 2024-25 or as on the day at least 7 days prior to the bid submission deadline.
Additionally, bidders need to have a minimum annual turnover of INR 91.55 lakh/ MW of the quoted capacity during FY25.
Alternatively, the bidder needs to demonstrate internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT) for a minimum amount of INR 18.31 lakh/MW in FY25.
Alternatively, the bidder must produce an in-principle sanction letter from the lending institutions/banks of the bidder, committing a Line of Credit for a minimum amount of INR 22.88 lakh/MW of the quoted capacity, towards meeting the working capital requirement of the project.
please contact: contact@energetica-india.net.
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