SECI Invites Bids for Supply of 400 MW of India-made Solar Modules

The last day to submit the bids is December 5, 2024

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The Solar Energy Corporation of India (SECI) has invited bids to manufacture, test, pack, forward, supply, and transport 400 MW of Domestic Content Requirement (DCR) compliant solar modules to a project site in Ramagiri, Andhra Pradesh.

The delivery must start from October 2025.

The last day to submit the bids is December 5, 2024. Bids will be opened on the same day.

The total capacity is divided into four packages of 100 MW each. Bidders can submit for one or the entire capacity.

Bidders must submit an earnest money deposit of ₹21.5 million (~$254,709) for each 100 MW package.

Selected bidders must submit 10% of the order cost for 24 months.

The proposed total capacity of 400 MW may be awarded to one or more bidders through single or multiple packages of 100 MW. The owner retains the right to adjust the quoted module capacity by ± 10% when placing the order, maintaining the same price, terms, and contract conditions.

SECI may issue a repeat order for an additional quantity not exceeding 100% of the initially awarded module package capacity.

This repeat order will be governed by the same price, terms, and conditions as the original contract, with a corresponding extension in the delivery period.

The arrangement for supplying the additional quantity on a repeat order basis, up to 100%, will be determined through mutual agreement. Any repeated order will be awarded within six months from the original awarded capacity.

Bidders must provide only a single category of module technology: crystalline technology, including mono and bifacial modules, maintaining consistent dimensions.

Bidders can qualify by meeting either Route I or Route II criteria:

Route I

If the module manufacturing facility is already operational:

  • Only original module manufacturers are eligible to bid.
  • The manufacturer must have a facility with a production capacity of at least 133 MW per year if bidding for a package of 100 MW.
  • Bidders must submit ALMM listing documentation as proof of eligibility.

Route II

If the module manufacturing facility is under development or construction:

  • Only original module manufacturers are eligible to bid.
  • The manufacturer must have a planned facility capacity of at least 133 MW per year if bidding for a package of 100 MW.

For bids covering multiple packages, the technical eligibility requirements for one package should be scaled proportionally for each additional package.

The financial criteria are based on one 100 MW package, with requirements increasing proportionally for multiple packages.

The minimum average annual turnover must be ₹860 million (~$10.18 million) over the last three financial years.

The net worth for the last financial year should be positive.

Bidders must have a minimum working capital of ₹540 million (~$6.39 million) as per the last audited financial statement. If the working capital is less than the required amount, they can supplement it with a bank letter confirming a line of credit of ₹540 million (~$6.39 million)  or more from a bank with a net worth of at least ₹5 billion (~$59.23 million). This line of credit should specifically meet the working capital needs of this project.

In April, Swelect Energy Systems, Grew Energy, and ReNew Photovoltaics were declared winners in SECI’s auction to manufacture, test, package, forward, supply, and transport 400 MW domestically manufactured solar modules.

In February, SECI invited bids for the manufacturing, testing, packing, forwarding, supplying, and transporting 900 MW solar modules made with domestically manufactured solar cells.

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