500 MW Solar Power Tender Floated by SECI

Yet another tender for a solar plant of 500 megawatt capacity have been floated by Solar Energy Corporation of India as it looks to achieve the highly ambitious targets set by the government of India.

The Solar Energy Corporation of India (SECI) floated a request for selection (RfS) for a 500 MW of solar pv projects under the Phase II Batch III of Jawaharlal Nehru National Solar Mission (JNNSM). This batch of NSM pertains to projects commissioned through the viability gap funding route. The deadline for submissions is 12 January 2016.

According to request, the project developers shall set up the projects in the southern state of Andhra Pradesh and will be allowed to bid for units of 50 MW capacity each. The developers will, however, not be bidding for tariffs, but rather for capital cost assistance that they will require from the government. The developer that quotes the lowest bid for assistance required will be selected first.

The Ministry of New & Renewable Energy recently lowered the tariff at which these projects shall sell power to the SECI. At least 2 GW of solar power capacity will be auctioned through the viability gap funding route and selected projects will receive Rs 4.43 per kWh.

The tariff has been reduced, keeping in view with the rapidly falling capital cost requirement and increasing competitiveness among project developers.

SECI has also signed an MoU with the Russian Energy Agency (REA) for both parties to implement solar projects and manufacturing facilities in India up to 2020.

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