SECI Named Nodal Agency to Implement 2,500 MW Wind-Solar Hybrid Project

The eligible capacity for bidding will be a minimum 200 MW and maximum 500 MW by a bidder with project capacity of at least 50 MW at one project site.

The Ministry of New and Renewable Energy (MNRE) has appointed Solar Energy Corporation of India (SECI) as the nodal agency for setting up of 2,500 MW Inter-State Transmission System-connected (ISTS) power projects on a build, own operate (BOO) basis.

The MNRE said in a statement that, “The objective of the scheme is to facilitate installation of new wind-solar hybrid projects at a price discovered through transparent bidding process.”

The move will pave the way for SECI to float bids for such projects. The recent circular comes days after the MNRE issued the National Wind-Solar Hybrid Policy.

As the nodal agency, SECI will now be inviting e-bids followed by e-reverse auction for procurement of hybrid power at tariff discovered through bidding process.

Moreover, the eligible capacity for bidding will be a minimum 200 MW and maximum 500 MW by a bidder with project capacity of at least 50 MW at one project site.

Further, the SECI will sign Power Purchase Agreement (PPA) with the selected bidders for 25 years.

Under the scheme, discoms and bulk consumers that require renewable power to fulfill their solar and non-solar RPO under respective RPO regulations will be eligible to buy hybrid power.

Meanwhile, SECI will be entitled to charge trading margin as mutually agreed with buyer or as decided by the CERC for long-term power purchases, whichever is less.

For more information click here.