SECI’s 1 GW FDRE-RTC power tender discovers INR 5.25/kWh tariff

The Solar Energy Corp. of India (SECI) has discovered a lowest tariff of INR 5.25/kWh in its tender to procure 1 GW of firm and dispatchable renewable energy (FDRE) on a round-the-clock (RTC) basis from ISTS-connected renewable energy projects.

The INR 5.25/kWh tariff was quoted by Kengeri Prime Solar (180 MW), Resolven Four Energy (150 MW), Hexa Climate Solutions (150 MW), Hero Solar Energy (120 MW), EMIF II Holding (100 MW), and Purvah Green Power (70 MW). The remaining capacity was awarded to Juniper Green at INR 5.26/kWh.

The tender requires developers to set up renewable energy projects backed with energy storage systems (ESS) on a build-own-operate basis to supply firm power under 25-year power purchase agreements (PPAs) with SECI. SECI will sell the power procured from these projects to buying entities across India.

The procurement is based on contracted power capacity (MW). Renewable power developers (RPDs) must supply electricity on a round-the-clock basis while maintaining a minimum demand fulfilment ratio (DFR) of 90% during peak hours, 80% during off-peak hours—relaxable to 70% for any two calendar months between July and September—and 90% on an annual basis. These requirements are designed to ensure renewable energy projects mimic the operational profile of conventional thermal power plants, delivering firm, round-the-clock power with high availability.