Bidders interested in competing for a tender which will allocate 6 GW of solar capacity linked, pro rata, with 2 GW of manufacturing output now have until September 11 to register their bid as administrator the Solar Energy Corporation of India will amend the exercise to incorporate developer feedback.
The projects — solar, wind or a combination thereof — are expected to supply power for a minimum of six hours per day during periods of peak demand. The last date for bids is Sept. 17.
Micro and mini grid-connected projects will also be considered. The projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. Bidding will close on August 23.
The NYSE-listed solar developer now has 1.5 GW of interstate transmission system projects with sovereign counterparties—the largest such portfolio in India.
While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.
The lobby group has written to the Ministry of New and Renewable Energy to create a fund for providing liquidity to State Discoms and thereby clearing the dues to independent solar power producers.
Micro and mini grid-connected projects will also be considered. Further, SECI has notified waiver of ISTS charges and losses and 6-month extension in the commissioning date.
The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
Up to Rs7 lakh of funding assistance per megawatt will be available to developers who deploy PV capacity for consumption by public entities. The energy produced will be supplied with a Rs3.50/kWh ceiling tariff and projects will be subject to strict domestic content requirements.
Under an MoU signed with Solar Energy Corporation of India, grid-connected rooftop solar systems totaling 3-4 MW capacity will be installed on more than 200 police establishments across the capital.
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