New tender in India for 750 MW solar parks in Rajasthan
Solar Energy Corporation of India (SECI) has launched another solar tender for the 750-MW Grid Connected Solar Photo Voltaic Power Projects in the state of Rajasthan.
According to Mercom Capital Group, the tender will get low benchmark price of INR3.93/kWh (US$0.061/kWh) compared to the previous benchmark price of INR4.43/kWh (US$0.069/kWh).
The tender has a viability gap funding (VGF) option, which developers are expected to ignore, according to sources. Under the Viability Gap Funding program SECI has tendered 4,525 MW of solar PV out of which power purchase agreements (PPAs) have been signed for 2,528 MW to date.
The tender involves 500 MW at Bhadla Phase-III and 250MW at Bhadla Phase-IV solar parks. The bidding process comes under the National Solar Mission Phase-II, Batch-IV (Tranche XI and XII respectively).
The Bhadla Phase-III solar scheme involves the the development of of grid-connected solar PV Power projects under Build-Own-Operate (BOO) basis for total capacity of 500 MW.
The Phase-IV Solar Park in Bhadla involves to the development of of grid-connected solar PV Power projects under Build-Own-Operate (BOO) basis for total capacity of 250 MW.
SECI shall enter into a 25-year Power purchase agreement (PPA) with bidders. The projects shall be commissioned within 12 months of the date of signing of PPA.
A pre-bid meeting will be held on 7 July and the deadline for submissions is 4 August.
You can have further information in our business opportunities section.
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