SECI Issues Tender For 6 GW Solar Projects Linked With 2 GW Manufacturing Plant

SECI has issued an RfS for setting up of 6 GW solar power plants linked with setting up of 2 GW solar manufacturing plant.

The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for selection of solar power developers (SPD) for setting up of 6 GW ISTS-Connected solar PV power plants linked with setting up of 2 GW (per annum) solar manufacturing plant.

As part of the Government of India’s targets of achieving a cumulative capacity of 100 GW Solar PV installation by the year 2022, the nodal agency has invited proposals for setting up of the solar projects (for an aggregate capacity upto 6GW) linked with setting up of solar manufacturing plant on a Build-Own-Operate (BOO) basis. SECI shall enter into Power Purchase Agreement (PPA) with the successful Bidders 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.

As per the provisions of the RfS, the SPDs selected by SECI be required to set up cumulative annual solar manufacturing capacity of 2 GW, which shall be set up over a maximum period of 2 years. The SPDs shall be provided assured PPAs up to 1500 MW against 500 MW of manufacturing plant.

The selected SPDs have to set up solar power plants on BOO basis in accordance with the provisions of this RfS document and standard PPA of capacity up to 1500 MW against manufacturing capacity of 500 MW allocated to it. Thus, the total solar PV power plant capacity would be a maximum of 6000 MW for a manufacturing capacity of 2000 MW.

The last date of bid submission (online and offline) is August 28, 2019, and the techno-commercial bids will be opened on August 26, 2019. A pre-bid meeting has been scheduled for July 10, 2019, to address the concerns raised by prospective bidders. All bidders must submit an Earnest Money Deposit of Rs 5.5 crore and an additional Rs 4 lakh/MW against quoted capacity.

The capacity for which any bidder can quote will be any capacity up to 1500 MW of solar projects capacity linked to 500 MW of solar manufacturing capacity corresponding to 1 Project. A total of 4 such projects are under the bidding process. However, any bidder would be free to bid for all the 4 projects. The tariff shall be quoted for the capacity offered for setting up of the solar plant only including setting up of the manufacturing plant per project by the successful bidders.

SECI has set a ceiling tariff for the PPA that it will sign with the successful solar power developers at Rs 2.75/kWh for the 25-year duration of the agreement.