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<p>Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) is likely to retender the remaining capacity of its initial 2.5 GW of round-the-clock (RTC) renewable energy projects bundled with thermal, considering the other bidders failed to match the lowest tariff to secure the letter of award.</p>
<p><a href="http://www.hindustanpowerprojects.com/businesses/thermal-power/" target="_blank" rel="noopener">Hindustan Thermal Projects</a> was declared the winner in the auction and was awarded the capacity of 250 MW at the tariff of ₹3.01 (~$0.040) in October 2021.</p>
<p>Other bidders who <a href="https://mercomindia.com/tariff-of-%e2%82%b93-01-kwh-2-5-gw-round-the-clock-renewables-bundled-thermal/" target="_blank" rel="noopener">participated</a> in the initial auction in October 2021 include Greenko Energies, who quoted a tariff of ₹3.18 (~$0.042)/kWh for 1,001 MW capacity, Renew Samir Urja quoted 600 MW capacity at ₹3.19 (~$0.042)/kWh, Power Mech Projects quoted 550 MW at ₹3.30 (~$0.44)/kWh, JSW Neo Energy Limited and Techno Electric &amp; Engineering quoted 600 MW and 500 MW, respectively, at ₹3.45 (~$0.046)/kWh.</p>
<p>According to the tender document, the bidders had to match the lowest bid (L1) tariff for the letter of award to be issued.</p>
<p>One of the bidders commented that there was a ₹0.18-₹0.45 (~$0.0024-$0.006)/kWh difference between the lowest bid and the others. Even though the ₹3.18 (~$0.042)/kWh tariff quoted was aggressive, it was considered manageable, but ₹3.01 (~$0.040) was absolutely unviable.</p>
<p>SECI is expected to amend and retender to ensure it receives a good response for the bid.</p>
<p>In March 2020, SECI initially <a href="https://mercomindia.com/seci-tender-round-clock-renewable-thermal/" target="_blank" rel="noopener">issued</a> the tender for developers to supply 5 GW of power round-the-clock from grid-connected renewable energy projects bundled with coal-based thermal projects in India.</p>
<p>However, in January 2021, SECI <a href="https://mercomindia.com/seci-halves-tender-capacity/" target="_blank" rel="noopener">amended</a> the request of selection (RfS) documents and reduced the tender capacity from 5 GW to 2.5 GW. As per the revised RfS documents, bidders could submit a single bid offering a minimum of 250 MW capacity and a maximum of 2.5 GW. Earlier, the range was 500 MW to 5 GW.</p>
<p>The amendments specified that bidders could tie-up with any capacity of non-renewable energy. Therefore, power purchase agreements (PPA) and power sale agreements (PSA) would not be applicable for projects without any tie-up with a non-renewable energy project.</p>
<p>SECI stated that renewable generation sources and energy storage systems could be co-located or situated at different sites and considered a single project. However, the developer would pay transmission charges if the power is injected from energy storage systems at a different location from the renewable energy components.</p>
<p>According to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a>, SECI has issued tenders for 2.9 GW of RTC power projects to date.</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/harsh-shukla/" class="vcard author" rel="author"><span class="fn">Harsh Shukla</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2022/02/Harsh-Shukla-293x300-1-new.jpg" width="99" height="102" /><a href="https://mercomindia.com/author/harsh-shukla/" target="_blank" rel="noopener"><strong style="color: #00b451">Harsh Shukla</strong> </a>is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.</p>
<p><a href="https://mercomindia.com/author/harsh-shukla/">More articles from Harsh Shukla.</a></p>
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SECI Likely to Retender 2.25 GW of Round-the-Clock Renewables Bundled with Thermal

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