India’s SECI has issued 2 separate tenders seeking establishment of up to 1.2 GW of grid connected solar power capacity with ISTS connectivity
- India’s SECI has issued 2 separate tenders seeking establishment of up to 1.2 GW of grid connected solar power capacity with ISTS connectivity
- One of these tenders under ISTS-IV specifies substations located in Madhya Pradesh to be the connecting points for power generated by the select projects
- Another 1.2 GW tender has been floated under ISTS-V with developers free to choose connecting points across India
- Benchmark tariff for both these tenders is INR 2.65 ($0.038) per kWh
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The Solar Energy Corporation of India (SECI) has launched 2 separate tenders seeking interested developers for 2.4 GW of total installed solar power capacity to be connected with the country’s interstate transmission system (ISTS) network.
The first tender is for 1.2 GW of solar power project capacity to be connected to ISTS substations in the state of Madhya Pradesh under ISTS-VI. Another tender is to establish up to 1.2 GW of grid connected solar power capacity anywhere in India under ISTS-V. For the latter, bidders will be free to choose the ISTS substation for interconnection of the project to the grid on a pan-India basis.
Both the tenders expect developers to set up the capacity on build-own-operate (BOO) basis. Tariffs have been capped at INR 2.65 ($0.038) per kWh. Interested bidders can bid for a minimum project capacity of 50 MW and maximum of 300 MW, all in multiples of 10 MW.
Successful bidders will be required to manage land, connectivity and long-term open access for their share of the winning capacity. SECI will sign a power purchase agreement (PPA) with 25-year validity with the winners and sell the power to different buying utilities in the country.
In June 2019, Mercom India Research said SECI’s 1.2 GW ISTS-connected tender under tranche-IV was oversubscribed with 2.1 GW of total bids coming in from a bevy of developers. Tariff cap for this tender was also INR 2.65 ($0.038) per kWh (see SECI’s 1.2 GW Solar Tender Oversubscribed).
Very recently, SECI floated a 6 GW ISTS-connected solar power project development tender linked with 2 GW annual solar manufacturing capacity with INR 2.75 ($0.040) per kWh tariff cap (see 6 GW ISTS PV Tender With 2 GW Manufacturing).