SECI’s 1.2 GW Solar Tender Attracts Technical Bids from Four Developers
SECI’s 1.2 GW ISTS- connected solar tender saw a 100% subscription
October 21, 2019
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Solar Energy Corporation of India (SECI) has received bids totaling 1,200 MW capacity for setting up solar energy projects. The projects developed are to be connected with the interstate transmission system (ISTS) network under tariff-based competitive bidding (ISTS-VI). Once the projects are awarded, they will be developed on a build own operate (BOO) basis. Successful bidders in this tender will enter into Power Purchase Agreements (PPAs) with SECI for 25 years. The tariff for this tender had been initially capped at ₹2.65 (~$0.038)/kWh and later amended to ₹2.68 (~$0.037). Procuring land, connectivity, and long-term open access (LTOA) approval is within the scope of the project developer.