Indian 3-GW solar tender with manufacturing sees 4th bid extension

Image source: RattanIndia Power Limited

May 21 (Renewables Now) - The deadline for bidding in a 3-GW solar tender linked with 1.5 GW of annual manufacturing capacity in India has been extended once again -- to May 31, 2019.

This is the fourth deadline extension of the tender, which was launched by the Solar Energy Corporation of India (SECI) at the end of January. The agency made the update last week, saying it plans to open the techno-commercial proposals after the end of bidding on May 31.

SECI initially sought proposals by March 18 but later extended the deadline for participation three times, to April 4, April 22 and May 14, respectively.

Developers taking part in the competition have to make offers for at least 1 GW of Interstate Transmission System (ISTS)-connected solar capacity associated with 500 MW of manufacturing capacity at a maximum tariff of INR 2.75 (USD 0.040/EUR 0.035) per kWh. A single bidder can bid for the entire capacity, which will be developed on build own operate (BOO) basis.

SECI will enter a 25-year power purchase agreement (PPA) with the successful bidders.

(INR 10 = USD 0.143/EUR 0.129)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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