The tender floated by the Solar Energy Corporation of India Ltd. (SECI) to set up 1.2 GW of interstate transmission system (ISTS)-connected solar photovoltaic (PV) projects across India has been oversubscribed by 900 MW.
A SECI official confirmed the closing of bid submission and stated that bids totaling 2,100 MW had been submitted against the tendered capacity of 1,200 MW.
According to a market source, “Azure Power, SB Energy, Ayana Renewables, ReNew Power, and UPC Solar have bid for 300 MW of grid-connected solar PV capacity each. Mahindra has bid for 250 MW of solar PV capacity, and Avaada has bid to set up 350 MW of grid-connected solar PV projects.”
SECI had tendered the capacity under tranche-IV in February 2019. The tariff ceiling for this tender was fixed at ₹2.65 (~$0.038)/kWh.
Recently, SECI also issued two separate tenders for the development of solar PV power projects totaling 1.4 GW in Madhya Pradesh and Andhra Pradesh. In March 2019, SECI issued a tender for setting up 14 MW of solar power projects with 42 MWh battery energy storage system (7MW/21MWh each) in Leh and Kargil division. Both Leh and Kargil would have a 7 MW solar project with battery storage of 21 MWh each.
Last month, SECI issued a tender for setting up of 1,200 MW ISTS-connected solar power projects with 3,600 MWh storage (ISTS-V) on a pan India basis.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.