SECI Announces Tender for 2.5 GW of Solar Projects

The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for 2.5 GW of interstate-connected solar projects under Tranche X (ISTS-X) at the Ultra Mega Renewable Energy Power Park (UMREPP) in Koppal district of Karnataka.

The scope of work for the 2.5 GW solar tender includes the acquisition of land, connectivity, and obtaining Long-Term Access (LTA) approvals by the solar power developer.

Interested bidders are expected to make an earnest money deposit (EMD) of ₹400,000 (~$5,289)/MW. The developer must also submit a performance bank guarantee (PBG) for ₹800,000 (~$10,576)/MW within 70 days of the issuance of the letter of award (LoA) or before signing the power purchase agreement (PPA), whichever is earlier.

The last date for the submission of bids is May 29, 2020.

To be eligible to take part in the competitive bidding process, applicants must have a net worth greater than ₹8 million (~$105,757)/MW of the capacity undertaken at the end of the last financial year. They must also have had a minimum annual turnover of ₹4.14 million (~$54,795)/MW of the quoted capacity in the last financial year.

The documents add that the applicants can submit a single bid for quantities between 50 MW and 2.5 GW. The total capacity that can be allocated to a single bidder is 2.5 GW. The solar projects are required to be designed for the interconnection at the power system stabilizer substation at a voltage level of at least 66 kV.

In March 2020, Mercom reported that SECI issued another tender to set up 2,000 MW of solar projects under Tranche-IX.

According to Mercom India Research, SECI has so far tendered 16.7 GW of ISTS solar projects under Tranche I to X and auctioned 8.84 GW under Tranche I to VIII.