The Solar Electricity Corporation of India (SECI) has announced two tenders for 1,200 MW of solar and 1,200 MW of wind-solar hybrid projects connected to the interstate transmission system (ISTS).
The projects under both the tenders will be developed on a build-own-operate (BOO) basis, and SECI will enter into a power purchase agreement for a period of 25 years based on the terms, conditions, and provision on the request for selection (RfS).
The tender for 1.2 GW of solar projects has been floated under tranche VIII of the ISTS program.
According to the Mercom India Solar Tender Tracker, SECI has announced 12.2 GW of solar projects under the ISTS program’s Tranche I to VIII and auctioned around 6.44 GW in Tranche I to VI previously.
The second tender for 1,200 MW of wind-solar hybrid projects has been issued under the Tranche III of the ISTS program.
According to Mercom India Research, SECI has announced 3.6 GW of wind-solar hybrid projects under ISTS program Tranche I to III and auctioned about 1.56 GW under Tranche I and II.
Recently, Mercom reported that SECI had extended the bid submission deadline for its tender for 1.2 GW of solar-wind storage projects with a guaranteed peak power supply (ISTS-VII). The new bid submission deadline is December 16, 2019, from the previously set deadline of November 29, 2019.
The details of these two tenders will be available on December 16, and December 20, 2019. Last year, the Ministry of New and Renewable Energy (MNRE) had written to the central and state governments as well as public sector implementing agencies, asking them to follow a set timetable for solar tenders. According to the timetable, SECI would have the months of December, March, June, and September for its tender and auction activity.
Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.