Solar Energy Corp. of India (SECI) has invited bids to set up 1 GW of solar projects on a build-own-operate basis in India. The projects can be located anywhere in India, as long as they are connected to the interstate transmission system (ISTS).
SECI shall enter into a 25-year power purchase agreement (PPA) with the developers selected through this tender. Power procured by SECI from the projects has been provisioned to be sold to the different buying entities in India.
“Bidders who have already commissioned solar PV plants/storage plants or are in the process of constructing such plants and have untied capacity may also participate under this RfS. In such case, they will be given the benefit of a longer period of PPA, commensurate to the duration between the actual date of commencement of supply of power and scheduled commencement of supply date,” as per the tender document.
A single developer can bid for a cumulative contracted capacity of 50 MW to 500 MW in multiples of 10 MW. The total capacity to be allocated to a bidder shall be up to 500 MW.
Identification of land, installation, and ownership of the project, along with obtaining connectivity and necessary approvals and interconnection with the ISTS network for power supply to SECI, will be under the scope of the developer.
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