The Solar Energy Corporation of India (SECI) has announced the winner of its auction to set up a 10 MW grid-connected solar project in Odisha.

BNC Power Projects won the auction, quoting a tariff of ₹2.60 (~$0.0271)/kWh.

The tender was issued in February this year.

When the tender was floated, there was a 10 MW/20 MWh battery storage component, but only the solar component was auctioned.

The project will be developed on a build-own-operate basis. SECI will sign a 25-year power purchase agreement (PPA) with the selected developer. The power will be sold to GRIDCO on a back-to-back basis.

The developer must handle land identification, project installation, ownership, grid connectivity, approvals, permits, clearances, and interconnection with the State Transmission Utility network. The developer can set up the project anywhere in Odisha.

The developer must build the transmission network up to the interconnection or delivery point at its own cost. It must bear costs related to transmission line construction, wheeling, State Load Despatch Centre and scheduling charges, system operation charges, maintenance, and losses up to the interconnection point.

The declared annual capacity utilization factor (CUF) must be at least 17%. The developer must maintain generation within +10% and -15% of the declared CUF until the end of 10 years from the scheduled commissioning date, and within +10% and -20% thereafter until the end of the 25-year PPA.

The scheduled commissioning date is 13 months from the PPA’s effective date.

BNC Power Projects will be responsible for the operation and maintenance throughout the PPA term.

India installed 15.3 GW of solar capacity in Q1 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market Update Report. Additions rose more than 143% year-over-year from 6.3 GW in Q1 2025, and nearly 49% quarter-over-quarter from about 10.3 GW in Q4 2025.