Image: Avi Waxman, Unsplash
SECI is seeking bids from developers to set up 2 GW of renewable energy projects, supported by energy storage systems for a guaranteed peak supply of 8 GWh.
The projects are developed on a build-own-operate (BOO) basis. They can be located anywhere in India and must connect to the Inter-State Transmission System (ISTS).
The selection of 2 GW of projects will be done via e-bidding, followed by an e-reverse auction. Developers can bid for between 50 MW and 1 GW.
SECI will sign power purchase agreements (PPAs) for 25 years with the winning bidders. The power will be sold to various buyers across India.
SECI said in the tender documents that bidders with already commissioned renewable energy projects or projects under construction with uncommitted capacity can also participate in the Request for Selection (RfS) process. These bidders are eligible for longer PPA periods based on the time between the actual start date of power supply and the planned start date.
The selected developers will build ISTS-connected renewable projects with energy storage systems (ESS), including transmission infrastructure to the point of supply, to supply power to SECI. The ESS may be owned by the developers or come from third parties. The developers can also change the ESS technology at any time during the PPA term.
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