In December 2017, SECI had auctioned a 750 MW solar power tender in Bhadla Solar Park in Rajasthan. It was oversubscribed with 8.5 GW technical bids coming in. The current 750 MW project capacity tendered by SECI will need to be developed across Rajasthan with land acquisition being the developer’s responsibility. It will be interesting to see the response to this tender by SECI with safeguard duty in place and 5 GW of auctioned capacity at the verge of being cancelled.(Photo Credit: TaiyangNews)
- SECI has issued a tender to develop 750MW of grid-connected solar energy projects across the state of Rajasthan, according to Mercom India Research
- All the capacity will be developed on standalone basis in multiples of 10 MW
- Project development will be on BOO basis with minimum and maximum capacity to bid for allowed at 10 MW and 750 MW, respectively
- Land acquisition will be the responsibility of the successful developer and so will be connectivity and long-term open access
- Upper ceiling tariff for this project is fixed at 2.93 INR ($0.0427) per kWh
- Last date to apply for the project is September 14, 2018
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The Solar Energy Corporation of India (SECI) has issued a tender for 750 MW of grid connected solar PV capacity to be set up in the desert state of Rajasthan. Projects need to be developed on a standalone basis in multiples of 10 MW, according to Mercom India Research.
Developers will be required to acquire land for the projects across the state. They will need to work on the projects on build-own-operate (BOO) basis with connectivity and long-term open access as part of the scope of work.
SECI will sign offtake agreements with successful developers which will be valid for a period of 25 years. Commissioning deadline for a project up to 240 MW capacity is a maximum of 27 months. Projects with 250 MW and above capacity will get 30 months to complete the scheduled work.
For this tender, SECI has fixed the benchmark tariff at 2.93 INR ($0.0427) per kWh. Minimum capacity to bid for is 10 MW and the maximum will be 750 MW.
Last date to submit bids for this tender is September 14, 2018. More details will be available with SECI.
Recently, Indian business daily The Economic Times (ET) reported SECI has cancelled a 3 GW auction owing to higher tariffs proposed by developers. Only ACME Solar will be allowed to retain its rights to install 600 MW, which it won for the lowest tariff of 2.44 INR ($0.035) per kWh (see SECI Cancels 3 GW Auction, Partially).
Mercom believes the decision to scrap major part of the 3 GW auction is still pending, while the 2 GW auction concluded recently is also expected to get the axe (see 2.44 INR PV Tariff In 2 GW SECI Auction).
With a slew of auction cancellations in the recent past and safeguard duty imposition a reality, it remains to be seen how the developer community will respond to fresh tenders like this 750 MW for Rajasthan.
“Central government agencies contemplating cancelling 5 GW of auctions will rattle the investment sentiment in the sector. Bids are expected to go up in the upcoming auctions due to safeguard duty, so if these auctions are cancelled and retendered it is hard to see how developers can bid lower,” warned Raj Prabhu, CEO of Mercom Capital Group.