January 31 (Renewables Now) - The Solar Energy Corporation of India (SECI) has launched a tender for 3 GW of solar photovoltaic (PV) projects linked with 1.5 GW of annual manufacturing capacity.
The Request for Selection (RfS) was published on Tuesday, inviting interested parties to submit bids by March 18, while proposals will be opened a day later. Bidders have to make offers for at least 1 GW of Interstate Transmission System (ISTS)-connected solar capacity associated with 500 MW of manufacturing capacity. A single bidder can compete for the overall tendered capacity.
Winners will develop their projects on a build, own, operate (BOO) basis and will be awarded 25-year power purchase agreements (PPAs) with SECI. The ceiling tariff they will get is fixed at INR 2.75 (USD 0.039/EUR 0.034) per kWh.
Under the tender regulations, developers will be in charge of installing the PV generation and manufacturing capacity, as well as the related transmission network.
In May last year, SECI announced a tender for 10 GW of ISTS-connected solar projects linked with 5 GW of manufacturing capacity, which was later reduced to 3 GW. The competition, however, is reportedly close to being annulled due to the weak response from developers.
(INR 10 = USD 0.141/EUR 0.122)