SECI has presented 400 megawatts of capacity to project developers under this tender. The minimum capacity developers can bid for is 200 megawatts, while the maximum is the entire 400 megawatts. No tariff threshold has been specified
October 30, 2019. By News Bureau
The Solar Energy Corporation of India has announced that it has issued its first tender for round-the-clock renewable energy supply. This opens a major new avenue in India’s swiftly evolving renewable energy sector.
SECI has presented 400 megawatts of capacity to project developers under this tender. The minimum capacity developers can bid for is 200 megawatts, while the maximum is the entire 400 megawatts. No tariff threshold has been specified.
Developers are required to quote tariffs for the first year of operation. The tariff will be increased at 4% every year for 15 years after which the tariff shall remain stable. Developers are free to choose the storage capacity of their choice.
Among the most important features of this tender is that the buyers of the generated energy have already been identified. Centrally administered regions of Dadra and Nagar Haveli and New Delhi Municipal Corporation (NDMC), located inside India’s capital city, will buy the power generated from these projects.
The two regions are very small in area; while NDMC is believed to have a peak demand of around 400 megawatts, Dadra and Nagar Haveli reported a peak demand of just over 800 megawatts last year. Projects awarded under this tender would likely supply sufficient energy to meet a large majority, if not the entire power demand, in these regions on most days of the year.
There are several other small states and regions in India with limited power demand that can theoretically be managed by efficiently dispatched renewable energy. Chandigarh, Puducherry, Andaman and Nicobar Islands, and Lakshadweep Islands are some of the other federally administered regions which could utilize similar arrangements of round-the-clock renewable energy supply. Tenders for storage-equipped solar power projects have already been issued for Andaman and Lakshadweep Islands.
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