POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

EU Member States Sign Solar Charter to Boost Domestic Manufacturing

Daily News Wrap-Up: NTPC’s 1 GW Wind-Solar Hybrid Auction

Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

<p>The REC Power Distribution Company Limited (<a href="http://www.recpdcl.in/" target="_blank" rel="noopener noreferrer">RECPDCL</a>), a wholly-owned subsidiary of <a href="https://www.recindia.nic.in/" target="_blank" rel="noopener noreferrer">REC Limited</a>, announced that it was the lowest bidder in the Solar Energy Corporation of India’s (<a href="https://seci.co.in/" target="_blank" rel="noopener noreferrer">SECI</a>) e-reverse auction. RECPDCL quoted ₹2.58 ($0.035)/kWh for setting up 10 MW of solar projects at Bagru in the Jaipur district of Rajasthan, according to Mercom sources.</p>
<p>In its press statement, RECPDCL said that as per the terms of the request for selection (RfS) documents, the Jaipur Development Authority (JDA) would enter into a power purchase agreement (PPA) with them for the purchase of solar power for 25 years.</p>
<p>It added that the projects will be connected to the Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) grid substation, Bagru at 33 kV, and will be set up on 15-hectare land owned by JDA.</p>
<p><strong>Background: </strong></p>
<p>SECI had initially <a href="https://mercomindia.com/seci-tender-solar-projects-rajasthan/">issued</a> the request for selection (RfS) for setting up 10 MW of grid-connected solar power projects at Bagru back in June. The project is to be installed on a build, own, operate (BOO) basis on the Renewable Energy Service Company (RESCO) model and is to be commissioned within eight months of the signing of the power purchase agreement (PPA).</p>
<p>The tender documents also said that the SPV modules used in the projects must qualify the testing standards prescribed by the government. SECI has mentioned that crystalline silicon, thin-film modules, or concentrated photovoltaic, with or without trackers, can be installed.</p>
<p>In July, SECI <a href="https://mercomindia.com/seci-lowers-tariff-solar-projects/" target="_blank" rel="noopener noreferrer">issued</a> an amendment to the tender lowering the tariff ceiling for the tender. It reduced the maximum tariff payable to the project developer to ₹3.14 (~$0.042)/kWh for 25 years from ₹3.20 (~$0.044)/kWh earlier. SECI also changed the connection point of the project.</p>
<p>According to Mercom’s <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener noreferrer">India Solar Project Tracker</a>, Rajasthan has about 4.9 GW of large-scale solar projects in operation, and approximately 7.4 GW capacity is currently under the development pipeline, as of June 2020.</p>
<p>In July, the government-owned corporation <a href="https://mercomindia.com/seci-tender-solar-projects-rajasthan-2/" target="_blank" rel="noopener noreferrer">floated</a> a request for selection to set up 1,070 MW of grid-connected solar projects in Rajasthan (Tranche-III).</p>
<p>Recently, SECI <a href="https://mercomindia.com/seci-amends-tender-specifications/" target="_blank" rel="noopener noreferrer">issued</a> amendments to the RfS document for the supply of 5 GW of round-the-clock (RTC) power from grid-connected renewable projects complemented with power from coal-based thermal projects.</p>
<p>&nbsp;</p>
<p>Image credit: Unsplash</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/nithin-thomas-prasad/" class="vcard author" rel="author"><span class="fn">Nithin Thomas</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Nithin-2-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Nithin Thomas,</strong> Staff reporter at Mercom India<br />
<a href="https://www.mercomindia.com/author/nithin-thomas-prasad/" target="_blank" rel="noopener">More articles from Nithin Thomas.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Nithin-2-1.jpg" width="102" height="102" /><a href="https://www.mercomindia.com/author/nithin-thomas-prasad/" rel="noopener">Nithin Thomas</a> 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&#8217;s Degree in Commerce from Loyola College, Chennai.<a href="https://www.mercomindia.com/author/nithin-thomas-prasad/" rel="noopener">More articles from Nithin Thomas Prasad</a></div>
</div></div><div class="clearfix"></div></div></div>

REC’s Subsidiary the Lowest Bidder with ₹2.58/kWh in SECI’s 10 MW Bagru Solar Auction

e-reverse

Get the most relevant India solar and clean energy news.

RECENT POSTS