SECI has announced the results of its latest 1 GW solar tender launched under tranche XVIII. It has allocated 600 MW to three bidders at an average price of INR 3.06 ($0.036)/kWh.
ReNew won 250 MW by offering the lowest tariff of INR 3.04/kWh. Acme Solar has secured 300 MW at INR 3.05/kWh. Adani Renewable Energy required 50 MW at INR 3.10/kWh against a bid quantity of 200 MW.
SECI will sign power purchase agreements (PPAs) for 25 years with the successful bidders. The power obtained by SECI from these projects is intended for sale to the various purchasing entities in India.
The projects must be developed on a build-own-operate basis. They can be located anywhere in India and must be connected to the inter-state transmission network.
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