SECI’s First Round-The-Clock Renewable Energy Supply Tender Issued

In Clean Truth, News, Renewable Energy

The Solar Energy Corporation of India (SECI) recently issued its first tender for round-the-clock renewable energy supply. This opens a major new avenue in India’s rapidly evolving renewable energy sector.

SECI has offered 400 megawatts of capacity to project developers under this tender. The minimum capacity developers can bid for is 200 megawatts, while the maximum is the entire 400 megawatts. No tariff threshold has been specified.

Developers are required to quote tariffs for the first year of operation. The tariff will be increased at 4% every year for 15 years after which the tariff shall remain stable. Developers are free to choose the storage capacity of their choice.

Among the most important features of this tender is that the buyers of the generated energy have already been identified. Federally administered regions of Dadra and Nagar Haveli and New Delhi Municipal Corporation (NDMC), located inside India’s capital city, will buy the power generated from these projects.

Chandigarh, Puducherry, Andaman and Nicobar Islands, and Lakshadweep Islands are some of the other federally administered regions which could utilize similar arrangements of round-the-clock renewable energy supply.

Tenders for storage-equipped solar power projects have already been issued for Andaman and Lakshadweep Islands.

Reference- SECI website, Clean Technica

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