Reverse bundling of renewable energy and thermal power will bring down electricity costs and also help deal with intermittency issues that renewable energy sources are faced with, according to the Solar Energy Corporation of India (SECI), which has announced a 5 GW RTC power supply tender on this basis. (Photo Credit: SECI)
- SECI has issued a tender for the procurement of 5 GW of renewable energy projects to be bundled with thermal power
- The power supply from these projects will be on round-the-clock basis
- Developers will need to set up the projects on BOO basis; this NIT will be followed with RFS documents later
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The Solar Energy Corporation of India (SECI) has launched a new tender to procure 5 GW of power on ’round-the-clock’ (RTC) basis from renewable energy projects to be bundled with thermal power. The notice inviting tender (NIT) issued will be followed by a request for selection (RFS) round document which will be released later.
Interested developers will need to set up the projects on a build-own-operate (BOO) basis.
Bundling of thermal power with renewable energy, explains SECI, can bring down the overall cost of power supplied to buying utilities, while encouraging further penetration of renewable energy. Such a system will take care of intermittency issues of renewable electricity and also meet the RTC power requirement for discoms.
SECI adds that reverse bundling, wherein high cost thermal power is allowed to be bundled with cheaper clean power, is the need of the hour to address the above challenges.
Late last year, SECI had issued a tender call for 200 MW interstate transmission system (ISTS)-connected renewable energy capacity to supply RTC power to New Delhi Municipal Corporation (NDMC) and 200 MW to Dadra & Nagar Haveli (see SECI Issues NIT For 200 MW RTC RE Supply).
In January 2020, the Ministry of New and Renewable Energy (MNRE) issued a draft scheme for reverse bundling of renewable energy with coal power and sought feedback from stakeholders while listing eligible renewable energy technologies as solar, wind, small hydro or a combination of these with or without storage (see India Issues Draft For RTC Power From RE Projects).