SECI Announces NIT for 800 MW RTC Power For Haryana

SECI's Announces NIT for 800 MW RTC Power

SECI (Solar Energy Corporation of India) has revealed its intention for the procurement of RTC power (Round-the-Clock) from renewable energy projects for an aggregate capacity of 800 MW, meant primarily for Haryana discoms. The projects will be set up on “Build Own Operate” (B-O-O) basis. Towards this, SECI shall enter into a Power Purchase Agreement (PPA) with the successful bidder(s) selected based on the RfS for the purchase of power for a period of 25 years based on the terms, conditions, and provisions of the RfS.

The RfS will be under SECI’s RTC tranche IV. Thus, one can soon a expect a tender from SECI for the selection of project developers for the said capacity soon.

Project configuration

SECI’s NIT indicates that solar PV capacity of up to 1200 MWp is to be set up in Haryana (STU-connected) while the wind capacity is to be set up on pan-India basis (ISTS-connected) Further, the ESS (Energy Storage System) component shall be a mandatory component of the project, to be set up on co-location/ standalone basis.

The tender will be issued under the standard bidding guidelines for tariff-based competitive bidding process for procurement of firm and dispatchable power from grid connected renewable energy power projects with Energy Storage Systems issued by the Government.

Other than the said 800 MW tender, another 2500 MW wind tender is in the offing.

Recently, SECI has issued a series of tenders. These include a tender for 100 MW SPV project along with 40 MW/120 MWh BESS, 300 Megawatt (MW) AC ground-mounted solar photovoltaic project among others.

In April, the MNRE (Ministry of New and Renewable Energy) has published a full calendar for the financial year FY23-24, outlining the bidding targets for the four key central implementing agencies. These include SECI, NTPC, NHPC and SJVN.  SECI has been allocated 15 GW worth of capacity. However, it hasn’t quite kept paced with the numbers as was expected from it in the month of May and June. Thus, the upcoming quarter will be an important one to watch out for.