SECI Invites Bids for 1,200 MW Round-the-Clock Power Supply from Renewable Energy Projects

SECI opens bidding for 1,200 MW of round-the-clock renewable energy projects. The RfS includes a 25-year PPA, comprehensive financial requirements, and project details. Submission deadline: Dec 18, 2024.

The Solar Energy Corporation of India Limited (SECI) has officially opened a Request for Selection (RfS) for renewable energy developers to deliver 1,200 MW of round-the-clock (RTC) power from Interstate Transmission System (ISTS)-connected renewable projects. This move is part of SECI's strategic effort to bolster India's renewable energy output and meet its sustainable energy targets. Here are the key highlights and requirements for potential bidders.

Key Details of the RfS

• RfS Number: SECI/C&P/IPP/13/0019/24-25

• Release Date: October 30, 2024

• Pre-Bid Meeting: Scheduled for November 14, 2024

• Deadline for Bid Document Sale: December 16, 2024

• Bid Submission Deadline: December 18, 2024

• Bid Opening Date: December 19, 2024

Project and Bidding Specifications

SECI is seeking qualified developers to set up renewable energy projects, including the requisite transmission infrastructure, to ensure power delivery at ISTS substations with a minimum voltage level of 220 kV. The contract structure involves a 25-year Power Purchase Agreement (PPA) with successful bidders, securing long-term sustainability and energy reliability.

Financial Details and Bid Conditions

Document and Processing Fees:

• Non-refundable document fee of ₹50,000 plus GST.

• Bid processing fee of ₹20,000 per MW, capped at ₹20,00,000.

  
  

Earnest Money Deposit (EMD): The EMD varies by project component, calculated as follows:

• ₹9,42,000 per MW for solar energy.

• ₹12,98,000 per MW for wind energy.

• ₹3,41,000 per MWh for energy storage solutions.

• Must be submitted as a bank guarantee valid for 12 months from the bid submission deadline.

Performance Bank Guarantee (PBG): Awarded projects will require bidders to provide a PBG. Delays beyond the stipulated schedule may result in penalties through the encashment of the PBG, proportional to the delayed capacity.

Scheduled Timelines and Penalties

The Scheduled Commencement of Supply Date (SCSD) is set at 24 months from the effective date of the PPA. An extension of up to six months is permissible but may incur penalties.

Pre-Bid and Developer Engagement

The pre-bid meeting on November 14, 2024, offers an opportunity for developers to seek clarifications and address any queries. This interactive session is crucial for ensuring transparency and effective preparation for prospective participants.

Please view the official document here.