SECI Invites Bids for 1,500 MW Solar Power Projects Under Tranche XIV in India
Interested bidders have until February 23, 2024, to submit their proposals, with bid opening scheduled for February 28.
January 20, 2024. By Abha Rustagi
Interested bidders have until February 23, 2024, to submit their proposals, with bid opening scheduled for February 28. To participate, bidders are required to pay a bid document fee of INR 29,500 and a bid processing fee ranging from INR 500,000 to INR 1.5 million plus applicable taxes, depending on the quoted capacity.
An earnest money deposit (EMD) of INR 928,000 is also mandatory for all bidders. The selected bidder will be responsible for establishing solar projects connected to the ISTS, encompassing the transmission network up to the interconnection/delivery point.
The project developer's duties include identifying suitable land, project installation, and ownership, securing connectivity and necessary approvals for interconnection with the ISTS network/State Transmission Utility (STU) or intra-state transmission system (InSTS) network, and supplying power to SECI.
Bidders are required to submit a singular bid, offering a contracted capacity between 50 MW and 750 MW in increments of 10 MW. The location of the projects is at the discretion of the bidders.
Key criteria for the project design include compliance with Central Electricity Regulatory Commission (CERC) regulations, a minimum stated or adjusted annual Capacity Utilization Factor (CUF) of 17 percent, and an annual CUF within +10 percent and -15 percent of the declared value throughout the initial ten years. From the eleventh year onwards until the end of the 25-year Power Purchase Agreement (PPA) term, the annual CUF should be within +10 percent and -20 percent of the declared value.
Additionally, the use of modules from the Ministry of New and Renewable Energy's Approved List for Models and Manufacturers is mandatory.
Bidders must demonstrate a net worth equal to or exceeding INR 29.28 million/MW of the quoted capacity, and a minimum annual turnover of INR 23.75 million/MW during the last financial year.
please contact: contact@energetica-india.net.
Maxson Lewis
Magenta Mobility
Future-Proofing Logistics: How Magenta Mobility is Shaping India's EV Industry
Brathaban Karuppaiah
Country General Manager
From Oil to Renewables: SBM Offshore’s Vision for India’s Evolving Energy Market
Anvesha Thakker
Partner, Business Consulting & National Industry Lead – Clean Energy
Heat Pumps and Thermal Batteries: Game-Changing Technologies for Industrial Decarbonisation
Kamlesh Kaushik
Co-Founder and CEO
Building A Robust EV Charging Infrastructure: Mufin Green Infra’s Approach
Manjunath Athrey
Head of Engineering
Yulu Revamping Shared Mobility with Its Homegrown Software Stack