SECI seeks global bids for 1.2 GW wind-solar and 1.2 GW solar projects

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The Solar Energy Corporation of India (SECI) wishes to invite proposals for setting up of 1.2 GW of ISTS-connected solar projects (ISTS-VIII) and another 1.2 GW of ISTS-connected wind-solar hybrid power projects (Tranche-III) anywhere in India. Both the projects are to be developed on “build own operate” basis.

SECI shall enter into a power purchase agreement (PPA) with the successful bidders for a period of 25 years.

RfS for 1200 MW ISTS-connected solar projects will be issued by December 16, followed by RfS for 1200 MW ISTS-connected wind-solar hybrid projects on December 20, 2019.

SECI had recently announced amendments to its previous tender for setting up an aggregate 1,200 MW of capacity with ISTS-connected wind/solar/wind-solar hybrid projects, along with energy storage, throughout India.

Energy storage installation to back up at least half of the generation capacity, increase in project size to 600 MW maximum as well as increased off-peak tariff of Rs2.88/KWh are among the major amendments. Bidding is now allowed till December 16.