In line with a recent directive of the MNRE to do away with ceiling tariffs for renewable energy auctions, SECI has not specified any benchmark tariff for its 5 GW RTC renewable energy bundled with coal power tender. (Photo Credit: SECI)
- SECI has issued RFS documents for its 5 GW RTC renewable energy supply bundled with coal power
- The 5 GW capacity can be installed anywhere in the country and developed on BOO basis
- SECI will purchase power generated by this capacity and sell it to buying utilities in the country
- No ceiling tariff has been fixed for this tender but SECI expects a composite single tariff to be quoted by interested bidders
SECI To Conduct Competitive Bidding To Select Developers To Supply 1.2 GW Renewable Energy With Assured Peak Power Supply With ISTS Connectivity
(01. April 2020)
SECI Seeking EPC Service Providers To Set Up 32 MW OB Based Solar PV Plant For Different Packages For Singareni Collieries In Telangana
(25. March 2020)
2 GW ISTS-IX Tranche Solar Power Tender Launched By SECI To Be Developed On BOO Basis; Companies To Submit Bids By May 5, 2020
(21. March 2020)
The Solar Energy Corporation of India (SECI) has launched a request for selection (RFS) to select renewable energy power developers to supply 5 GW of round-the-clock (RTC) power from grid-connected renewable energy (RE) power projects. It needs to be bundled with power from coal based thermal power projects.
SECI had previously issued a notice inviting tender (NIT) for the 5 GW RTC power supply capacity promising to launch RFS documents at a later date (see SECI Issues RTC Tender For 5 GW RE & Thermal Power).
Renewable energy projects set up under this call will need to be developed on a build-own-operate (BOO) basis. SECI allows for this 5 GW capacity to be installed anywhere in India.
Power procured through the 5 GW tender on RTC basis will be purchased by SECI as the offtaker under a 25-year power purchase agreement (PPA) with the successful renewable energy power developer (RPD). The power will then be further sold off to different buying utilities in the country whose details will be shared later.
No specific tariff cap has been fixed for this tender but tender documents read, “A composite single tariff for renewable energy complemented with thermal energy shall be quoted by the bidders.” Recently, the Ministry of New and Renewable Energy (MNRE) issued a notice, as per local media reports, doing away with tariff caps for renewable energy project auctions as was demanded by the industry. It was apparently not exciting enough for developers as they found the tariff caps too low for the projects to be viable financially.
For the 5 GW tender, the minimum bid capacity is 500 MW and the RPD is required to supply at least 51% of annual energy from renewable energy sources, including energy storage system if any. Overall, the successful developer needs to supply renewable with thermal power on RTC basis ensuring at least 80% availability on annual basis.
A pre-bid meeting is scheduled for April 7, 2020 while the last date of bid submission is May 4, 2020. Details of the solicitation can be found on SECI’s website.
Earlier this year, MNRE sought feedback on its draft scheme for supply of RTC power from renewable energy to be bundled with coal power (see India Issues Draft For RTC Power From RE Projects).