SECI Issues RfS for its 1785 MW Solar Tender in Rajasthan (Tranche – IV)

SECI has issued the RfS document for the selection of SPDs for setting up 1785 MW solar PV projects in Rajasthan (Tranche-IV).

The Solar Energy Corporation of India (SECI) has now issued the Request for Selection (RfS) document for the selection of Solar Power Developers (SPDs) for setting up 1785 MW grid-connected solar PV power projects in Rajasthan (Tranche-IV).

Earlier in February, SECI had notified that it wishes to invite proposals for setting up grid-connected solar PV projects in the state of Rajasthan on a “Build Own Operate” (B-O-O) basis for an aggregate capacity of 1785 MW. 

SECI shall enter into a Power Purchase Agreement (PPA) with the successful bidder selected based on this RfS for purchase of solar power for a period of 25 years based on the terms, conditions, and provisions of the RfS.

The SPD shall set up the solar PV project including a dedicated transmission network up to the interconnection/ delivery point, at its own cost and in accordance with the provisions of this RfS document. All approvals, permits, and clearances required for setting up of the project and/ or dedicated transmission network upto interconnection/ delivery point (including connectivity and LTA, as applicable) including those required from state government and local bodies shall be in the scope of the SPD. The developers will have a period of 18 months to complete the work on the project.

The last date for bid submission is April 19, 2021, (April 15, 2021 – for online submission) and the bids will be opened on April 20, 2021. A pre-bid meeting has been scheduled for March 19, 2021, to address the concerns raised by the prospective bidders.

Power procured by SECI from the above Project has been provisioned to be sold to the Discoms of Rajasthan, which shall be the Buying Entities under this RfS. The Buying Entities shall procure power under the RfS through Rajasthan Urja Vikas Nigam Limited (RUVNL), which is the authorised representative for signing the Power Sale Agreement, on behalf of the Rajasthan Discoms. SECI shall be an intermediary nodal agency for procurement of power generated by the SPD and sale of such power to the Discoms of Rajasthan, entirely on a back-to-back basis based on due performance by the SPD as well as the Buying Entities.

It has been specified that the projects selected under this RfS shall be of minimum individual capacities of 10 MW and shall be set up in integral values. The maximum capacity shall be 1785 MW.

To be eligible, the bidder must have a minimum annual turnover of Rs 41.4 lakh per MW of the quoted capacity during the last financial year. And their net worth should be at least Rs 80 lakh/MW of the bid amount as on the last date of the last financial year.

For more information click here.