The recent wind tender issued by the Solar Energy Corporation of India (SECI) for 1,200 MW of projects have been oversubscribed by 1,125 MW.
These ISTS-connected wind projects were issued under Tranche-VI. According to market sources, bids totaling 2,325 MW were submitted by nine participants.
According to Mercom’s source at one of the participants, “SB Energy bid for 600 MW, ReNew Power, Enel and EDF each bid for 300 MW, Engie and Adani each submitted bid for 250 MW, Continuum bid for 150 MW, Ecoren bid for 125 MW and Powerica bid for 50 MW.”
When contacted, SECI officials chose not to comment on the development.
SECI had tendered the capacity in December 2018 along with a slew of other tenders for solar and hybrid projects.
Earlier, SECI had fixed an upper tariff ceiling of ₹2.85 (~$0.040)/kWh for this tender. Mercom previously reported that a winning tariff of ₹2.76 (~$0.036)/kWh was quoted in the 1,200 MW Tranche-V wind auction conducted by SECI.
The procurer will be responsible for all transmission charges and losses and any other charges beyond delivery point and up to the drawl point. For shortfall in production, the developer will have to pay to SECI 75 percent of the PPA tariff for the energy shortfall. For excess generation, SECI can procure the excess power at 75 percent of PPA tariff.
In case at any point of time, the peak of capacity reached is higher than the allotted capacity and causes disturbance in the system at the point where power is injected, the developer will have to forego the excess generation and reduce the output to the allotted capacity to ensure compliance with grid requirement.
The morale is soaring high among the project developers. Recently, the state government of Gujarat modified its land laws relating to the development of wind and hybrid (wind and solar) parks in the state. Land has been earmarked for wind and wind+solar hybrid projects auctioned by Gujarat state agencies as well as central agencies. Earlier, project developers who had emerged as winners in SECI’s ISTS-connected wind auctions were left facing problems of land unavailability.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.