Magazine

Last edition
February 2026

Home › Business ›SECI Invites Bids for 1,500 MWh Assured Peak Power Supply Under CfD Mechanism

SECI Invites Bids for 1,500 MWh Assured Peak Power Supply Under CfD Mechanism

Solar Energy Corporation of India (SECI) has issued a tender to select developers for 1,500 MWh assured peak power supply under a Contract for Difference (CfD) mechanism from ISTS-connected renewable energy projects. Bid submission ends on May 22, 2026.

April 20, 2026. By Mrinmoy Dey

Solar Energy Corporation of India has floated a tender for the selection of RE power developers under the Contract for Difference (CfD) mechanism for assured peak supply of 1,500 MWh (500 MW x 3 Hrs.) from ISTS-connected RE projects in India.

RE Power Developer (RPD) must set up ISTS-connected RE Power Project(s) with or without Energy Storage System (ESS), including the transmission network up to the Interconnection/Delivery Point, with the primary objective of selling electricity from such RE Project on Power Exchanges, at its own cost.

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 through Power Exchanges, will be under the scope of the RPD.

Bidders must deposit INR 50,000 (plus GST) as the cost of the RfS document and another INR 20,000/MW (plus GST) as a bid processing fee. The Earnest Money Deposit (EMD) will be calculated based on the project’s installed capacity across different components. It includes INR 9.68 lakh/MW for the solar PV capacity, INR 13.68 lakh/MW for the wind and other renewable energy capacity, and INR 2.40 lakh/ MWh for the energy storage system (ESS) capacity.

Selected bidders must deposit the Performance Bank Guarantee (PBG), which will be calculated based on the installed capacity of each project component. It includes INR 24.20 lakh/MW for the solar PV capacity, INR 34.20 lakh/MW for the wind and other renewable energy capacity, and INR 6 lakh/ MWh for the energy storage system (ESS) capacity.

The last date for submission of bids is May 22, 2026. The techno-commercial bids will be opened on May 28, 2026.

A bidder must offer a minimum cumulative contract capacity of 50 MW and a maximum of 125 MW.

The Projects can be located anywhere in India at the locations chosen by the Bidder/RPD at its own discretion and cost, risk and responsibility. For a single Project, the RE Generating components, along with ESS (if any), must be co-located.

The RPD shall, on a day-ahead basis, choose any 3 hours for the supply of energy from the Project through Power Exchanges from “Peak Hours”, which shall be between 18:00 Hrs. and 24:00 Hrs of a Day, provided that such selected hours fall within the non-solar hours. The 3 hours chosen by the RPD for a day shall be the Peak Hours for that day.

The RPD is mandated to sell 3,000 kWh of energy per MW Contracted Capacity of the Project during Peak Hours on/through Power Exchanges, on a daily basis.

The RPD must sell energy generated from the Project on a daily basis through the Power Exchanges. The RPD must schedule supply during Peak Hours through Power Exchanges at its discretion, with the objective of maximising revenue by selecting any 3 hours within the Peak Hours during which the Market Clearing Price (MCP) is expected to be the highest.

Notwithstanding the above, at any time during the Term of the CfDA, SECI shall have the right to designate the Peak Hours (including specific time-blocks) during which the RPD shall supply power from the Project through the Power Exchanges, if deemed necessary.

CfD settlement shall only be carried out for the energy sold by RPD in GDAM/DAM/RTM on/through Power Exchanges during the Peak Hours, subject to a maximum hourly quantum of 1 MWh per MW Contracted Capacity. Such settlement shall be carried out based on the difference between the MCP of the respective time block and the Strike Price (SP). Any gain/loss in the above settlement shall be settled between RPD and CfD Pool, through SECI.

The projects must be ALMM-compliant.

The bidder must have prior experience of commissioning power projects in the last seven years (either as a project owner or EPC contractor). This can be met in any one of the following ways: completing one project of at least 4X/5 MW capacity, or two projects of at least X/2 MW each, or three projects of at least 2X/5 MW each.

The bidder must meet a minimum net worth requirement based on the capacity quoted. This is calculated as INR 96.80 lakh/ MW of solar capacity, INR 1.368 crore/MW of wind and other renewable capacity, and INR 24 lakh/ MWh of ESS capacity. The bidder must demonstrate this net worth as of the last financial year (FY 2024–25/2025–26) or at least seven days before the bid submission deadline.

To demonstrate financial capability, the bidder must meet at least one of the following: a minimum annual turnover of INR 66.84 lakh/MW of quoted capacity, or a PBDIT of at least INR 13.36 lakh/ MW, or a bank/institutional sanction for a credit line of INR 16.71 lakh/MW to support project funding.

Download the attached file

Tags:

Business

Solar Energy Corporation of India

SECI Invites Bids

Contract for Difference

Assured peak power supply

Assured peak power under CfD mechanism