Solar Energy Corp. of India Ltd has invited bids to supply 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. The projects are to be developed on a build-own-operate (BOO) basis.
SECI shall sign a 25-year power purchase agreement (PPA) with the successful bidders. Power procured by SECI has been provisioned to be sold to Punjab State Power Corp. Ltd and Madhya Pradesh Power Management Co. Ltd. SECI will be an intermediary nodal agency for the procurement and sale of the power to these buying entities on a back-to-back basis.
The projects can be located anywhere in India. The RE component sizing should be suited to meet the buying entity’s 100% firm and dispatchable RE (FDRE) power supply requirement in a “demand-following” manner.
For a single project, the RE generation components and the energy storage system may either be co-located or located at different locations. The different project components, i.e., solar PV, wind, and energy storage system, can be connected with the interstate transmission system (ISTS) network at different ISTS sub-stations. Land and connectivity are in the scope of the RE power developer.
“Bidders who have already commissioned RE plants/storage plants or are in the process of constructing such plants and have untied capacity may also participate,” states the RfS.
A single developer can bid for a cumulative contracted capacity of 50 MW to 750 MW, in multiple of 10 MW. The maximum capacity to be allocated to a bidder is limited to 750 MW.
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