REC Arm ‘REC-PDCL’ Wins SECI Tender for 10 MW Solar Project in Jaipur

REC Limited has announced that its arm REC-PDCL has emerged as the lowest bidder for a 10 MW solar project in Jaipur under an auction conducted by SECI.

State-owned public Infrastructure Finance Company in the power sector REC Limited, formerly Rural Electrification Corporation, has announced that its arm REC Power Distribution Company (REC-PDCL) has emerged as the lowest bidder for a 10 MW solar project in the Jaipur district of Rajasthan under an auction conducted by the Solar Energy Corporation of India (SECI).

REC-PDCL is engaged in the businesses of project implementation and consultancy services in the power sector.

“REC Power Distribution Company Ltd (REC-PDCL), a wholly-owned subsidiary of REC Limited, has emerged as the lowest bidder to install a 10 MW solar power plant at Bagru Kala Town, Jaipur District, Rajasthan on BOO (Build-Own-Operate) basis,” an REC statement said.

As per the request for selection (RfS) invited by SECI, the Jaipur Development Authority (JDA) shall enter into a power purchase agreement (PPA) with the successful bidder for the purchase of solar power for a period of 25 years. The projects will be connected to the Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPNL) grid substation, Bagru at 33 kV, and will be set up on 15-hectare land owned by the JDA.

The REC-PDCL’s success in winning this project through e-reverse auction (e-RA) signifies the company’s competitiveness and commitment of REC and its subsidiaries towards promoting renewable energy in line with the covenants of the Paris Agreement and with the national target of 175 GW of renewable energy by 2022, it said.

The firm now has a period of 240 days to complete the work on the commissioning of the project.

SECI had issued the tender (RfS), for the selection of SPDs to set up the 10 MW solar power plant at Bagru Kala town, near Chitroli village in Jaipur, in June. As per the RfS, this project will be set up on build, own, operate (BOO)/ RESCO mode. The estimated cost of the project is Rs 45 crore.

At the back end of July, the nodal agency had issued amendments for the tender. The key amendment made was the change in the maximum tariff payable to the project developers through the entire duration (25 years) of the Power Purchase Agreement (PPA). The ceiling tariff had been lowered from Rs 3.20/kWh to Rs 3.14/kWh, implying that bidders will now be able to submit bids with a maximum value of Rs 3.14/kWh, beyond which bids will be disqualified.