The Solar Energy Corporation of India (SECI) has announced two tenders for 2 GW of solar and 2 GW of wind projects.
The interstate-connected (ISTS) solar and wind power projects have been floated under tranche-IX of the ISTS program.
Here are the details of the two tenders:
2 GW Solar Tender
The scope of work for the 2 GW solar tender includes the acquisition of land, connectivity, and long-term open access approvals by the solar power developer.
Interested bidders are expected to make an earnest money deposit (EMD) of ₹400,000 (~$5,299)/MW undertaken. The last date for the submission of bids is May 5, 2020.
To be eligible to take part in the competitive bidding process, applicants must have a net worth more than ₹8 million (~$105,990)/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 (~$54,850)/MW of the quoted capacity in the last financial year.
The documents stated that applicants are allowed to submit a single bid for quantities between 50 MW and 2 GW in multiples of 10 MW. The minimum project capacity per project is 50 MW and the maximum is 300 MW. The total capacity that can be allocated to a single bidder is 2 GW.
2 GW Wind Tender
The second tender the SECI issued was for 2 GW of ISTS-connected wind projects for setting up the projects on a “build own operate” basis. The wind power will be sold to SECI.
A SECI official confirmed to Mercom, “The wind tranche-IX 2 GW is a retender of the earlier announced 1.2 GW wind tender.”
However, the retender has undergone a capacity increase at 2 GW.
Interested bidders are expected to make an earnest money deposit of ₹600,000 (~$7,949)/MW. The last date for the submission of bids is May 6, 2020.
Bidders are allowed to submit a single application for bids up to 2 GW in capacity. The minimum project size is set at 50 MW. A single bidder can be allotted maximum capacity of 2 GW.
To be eligible to take part in the competitive bidding process, bidders must have had a net worth amounting to at least ₹12 million (~$158,985)/MW of the quoted capacity in the last financial year. They must also have a minimum annual turnover of ₹5.7 million (~$75,518)/MW of the quoted capacity in the same period.
In January 2020, Mercom reported that SECI issued another tender to set up 1,200 MW of solar projects under Tranche-VIII. Recently, SECI auctioned the capacity in which SBE Renewables Fifteen Private Limited (SoftBank), AMP Energy Green, and Eden Renewable Alma won capacities of 600 MW, 100 MW, and 300 MW respectively at the tariff of ₹2.50 ($0.0348)/kWh. ReNew Solar won only 200 MW capacity out of the 600 MW it bid at ₹2.51 ($0.035)/kWh under the bucket-filling method.
According to Mercom India Research, SECI has so far tendered 14.2 GW of ISTS solar projects under Tranche I to IX; and 13.4 GW of ISTS wind projects under Tranche I to IX.
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.