Tender for 5 GW of renewable energy projects launched in India
Solar Energy Corporation of India (SECI) has issued the Request for Selection (RfS) for Supply of 5 GW Round-the-Clock (RTC) Grid-Connected Renewable Energy (RE) Power Projects, complemented with Coal based Thermal Power. The competitive bidding will be tariff-based.
In order to facilitate grid-connected solar power, the first phase of National Solar Mission provided for a scheme of “bundling” wherein, then relatively expensive solar power was bundled with cheaper thermal power from the unallocated quota of the Government of India (Ministry of Power), generated at NTPC coal-based stations.
Renewable Energy Power Developers (RPD) selected by SECI based on this RfS, shall set up RE Power Projects on Build Own Operate (BOO) basis in accordance with the provisions of the RfS document and standard Power Purchase Agreement (PPA).
SECI shall enter into PPA with successful RPDs for a period of 25 years from the date as per the provisions of PPA. A composite single tariff for renewable energy, complemented with thermal energy shall be quoted by the bidders.
The minimum bid capacity shall be 500 MW. The RPD shall supply RE power complemented with thermal power, if required, on “Round-the-Clock” basis, keeping at least 80% availability on annual basis. The RPD is required to supply at least 51% of annual energy from RE sources, including ESS if any, for the purpose of this RfS and the balance may be drawn from existing coal based thermal energy Projects.
The deadline to submit the bids is on May, 2020. You can see the RfS document on our business opportunity page here.
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