Solar Energy Corp. Of India (SECI) has invited bids to set up 1.5 GW of interstate transmission system (ISTS) connected solar PV power projects in India. The successful bidders are required to develop projects on a build-own-operate (BOO) basis. SECI shall enter into a 25-year power purchase agreement (PPA) with the successful bidders.
Power procured by SECI from these projects has been provisioned to be sold to the different buying entities of India.
A single developer can bid for a cumulative contracted capacity of 50 MW to 750 MW in multiples of 10 MW.
Bidders who have already commissioned solar PV projects or are in the process of constructing such projects 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, reads the tender document.
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