SECI Issues NIT for 1.2 GW Solar and 1.2 GW Hybrid Projects

SECI has issued two new NITs for the development of solar and hybrid solar and wind projects in India.

The Solar Energy Corporation of India (SECI) has issued two new Notice Inviting Tenders (NITs) for the development of solar and hybrid solar and wind projects in India.

The first NIT has been issued for the development of 1200 MW of ISTS-connected solar power projects anywhere in India on a Build Own Operate (BOO) basis under the ISTS-VIII. As per NIT, SECI will enter into a Power Purchase Agreement (PPA) with the successful bidder(s) selected based on this RfS for purchase of power for a period of 25 years based on the terms, conditions, and provisions of the RfS.

The RfS for the selection of solar power developers for 1200 MW solar PV power projects under global competitive bidding will be issued by December 16, 2019.

Under the second NIT, SECI has invited proposals for setting up of ISTS-connected Wind-Solar hybrid power projects anywhere in India on “Build Own Operate” (B-O-O) basis for an aggregate capacity of 1200 MW (Tranche-III). Just like the first NIT, SECI will enter into a PPA with the successful bidder(s) selected based on this RfS for purchase of power for a period of 25 years based on the terms, conditions, and provisions of the RfS.

The RfS for the selection of the hybrid power developers under this tender will be issued by December 20, 2019.

Recently, we had reported that the consequences of poorly thought-through decisions over the past year and more were finally affecting the ‘pipeline’ that Power Minister RK Singh repeatedly refers to when he asserts that all is well with India’s renewable targets. The latest response to Solar Energy Corporation of India (SECI’s) 1200 MW wind tenders, where only Adani Energy with 200 MW and ENEL for 66 MW responded, proves the point. The tender had been postponed, and will now be considered again on December 5.