SECI Issues Tender For 1500 MW of Firm and Dispatchable RE Power

The Solar Energy Corporation of India (SECI) has now issued a tender seeking bids from renewable energy developers to add 1500 MW of new firm and dispatchable renewable power. This project has been planned for Inter-State Transmission System (ISTS)-connected renewable projects that could be situated anywhere in India.

The central agency has sought this tender in a two-bid system. It has also asked the bidders to submit Rs 15 lakh (excluding GST) for each project. SECI has planned to undertake this project under Build-Own-Operate (BOO) mode.

“SECI hereby invites proposals for setting up of ISTS-connected RE Projects for the supply of 1500 MW Firm and Dispatchable RE power, in a demand, following manner, from ISTS-connected RE Power Projects in India, on Build-Operate (BOO) basis. SECI shall enter into a Power Purchase Agreement (PPA) with the successful Bidders selected based on this RfS for the purchase of power for a period of 25 years based on the terms, conditions and provisions of the RfS and PPA,” the tender document read.

As per the details of the tender, the power procured by SECI from these projects would be sold to Punjab State Power Corporation Limited (PSPCL), Punjab and Madhya Pradesh Power Management Company Limited (MPPMCL), Madhya Pradesh.

These would act as the Buying Entities under this tender. SECI would act as an intermediary nodal agency for the procurement and sale of such power to the Buying Entities entirely on a back-to-back basis, based on due performance by the RE Power Developer (RPD) as well as the Buying Entities. 

“Bidders who have already commissioned RE plants/storage plants or are in the process of constructing such plants and have untied capacity may also participate under this RfS. In such case, they will be given the benefit of a longer period of PPA, commensurate to the duration between the actual date of commencement of supply of power and the Scheduled Commencement of Supply Date (SCSD). It is clarified that the Bidders who have already signed PPAs with SECI as on the bid submission deadline, are not allowed to suo-moto terminate such PPAs and participate in this RfS for the respective project(s),” the tender said.