SECI discovers INR 5.99/kWh tariff for 4-hour peak renewable power

The Solar Energy Corp. of India (SECI) has discovered a lowest tariff of INR 5.99/kWh for four-hour assured peak renewable power.

The tariff was discovered in SECI’s FDRE-IX tender for 6,000 MWh (1,500 MW × four hours) of assured peak power from interstate transmission system (ISTS)-connected renewable energy projects under the tariff-based competitive bidding process.

Waaree Energies emerged as the lowest bidder, securing 700 MW at INR 5.99/kWh. NTPC Renewable Energy Ltd (NTPC REL) secured 500 MW at INR 6/kWh, while the remaining 300 MW was allocated to ACME Solar at the same tariff of INR 6/kWh.

The latest discovery comes shortly after SECI announced a tariff of INR 5.25/kWh for renewable energy round-the-clock (RE-RTC) power.

SECI managing director Akash Tripathi said the latest tariff discovery shows that renewable energy can be green, firm, reliable and affordable, even during peak demand hours.

“These price discoveries demonstrate how rapidly the economics of renewable energy and storage are evolving and open up exciting possibilities for meeting India’s growing electricity demand with clean and dependable power at competitive tariffs,” said Tripathi.

Tripathi added that SECI remains committed to innovation in power products and procurement models that translate India’s ambitious energy transition into affordable power for DISCOMs and consumers.