HomePolicies & Regulations ›SECI Invites Tenders for 800 MW of ISTS-Linked RE Projects

SECI Invites Tenders for 800 MW of ISTS-Linked RE Projects

According to the guidelines, selected developers must receive both land and connectivity. Interested parties can submit their tenders until September 29, 2023, with a bid commencing slated for October 5.

August 16, 2023. By Nivedita Ojha

Solar Energy Corporation of India (SECI) has invited bids to choose renewable energy developers for the supply of 800 MW firm and dispatchable power from Inter-State Transmission System (ISTS)- connected RE projects, which also involves ESS. This venture is under SECI’s Firm and Dispatchable Renewable Energy (FDRE) III program.

According to the guidelines, selected developers must receive both land and connectivity. Interested parties can submit their tenders until September 29, 2023, with a bid opening slated for October 5.

Tender Fee is INR 29500 and the bid processing fee is INR 15 Lakh + 18 percent GST for each Project.

Fixed on the cumulative Installed Capacity committed by the contractor as part of its response to RfS, Earnest Money Deposit (EMD) shall be submitted based on the formula Earnest Money Deposit = [INR 9,28,000 x Rated Cumulative Installed Capacity of Solar component (MW) + INR 12,64,000 x Rated cumulative Installed capacity of Wind component (MW) + INR 14,64,000 x Rated Cumulative Installed Capacity of the ESS component (MW)].

Additionally, Bidders selected by SECI based on this RfS shall submit Performance Guarantee for a value determined as per the formula : Performance Bank Guarantee = [INR 23,20,000 x Rated Installed Capacity of Solar component (MW) + INR 31,60,000 x Rated Installed capacity of Wind component (MW) + INR 36,60,000 x ESS Capacity (MW)].

Bidder shall submit a bid proposal along with non-refundable RfS Document Fees, Bid Processing Fees and Earnest Money Deposit (EMD) done in all aspects according to the Bid Information Sheet.

Moreover, the minimum and maximum cumulative contracted capacities permissible are 50 MW and 400 MW, respectively. Developers must allocate solar capacity at least 1.5 times the contracted MW in Haryana.
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