SECI launches 1.2 GW solar tender

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Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate (BOO) basis. The project can be located anywhere in India and must connect to the interstate transmission system.

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.

Developers must submit single bids offering 50 MW minimum contracted capacity, and a maximum of 600 MW. The contracted capacity must be quoted in integral values.

“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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