Upper Tariff Ceiling of ₹3.25/kWh Set for 500 MW Solar Tender in Uttar Pradesh

The Solar Energy Corporation of India Ltd. (SECI) has issued a new tender to set up 3 GW of grid-connected solar photovoltaic (PV) capacity linked to 1.5 GW of solar manufacturing unit. The tender document will be available on SECI website from January 30, 2019.

This tender has been issued under global competitive bidding (Phase-II).

Earlier in May 2018, SECI had tendered 5 GW of manufacturing capacity linked to ISTS-connected solar projects for an aggregate capacity of 10 GW. This was later reduced to 3 GW where the developers were to be provided guaranteed PPAs of 2,000 MW for a manufacturing capacity of 600 MW, therefore the total power projects awarded would have remained at 10 GW.

This tender, however, is on the verge of being cancelled, according to various market sources, amid tepid response from developers. SECI hasn’t come out with a final communication regarding the fate of this tender. It has, however, issued a new tender now linked with solar manufacturing.