SECI invites bids for 1.2 GW ISTS-connected wind-solar hybrid plants

The Solar Energy Corporation of India (SECI) has floated a tender for installing 1,200 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power plants (Tranche-V) across India.

The deadline to submit the proposals is 6th December 2021, and tenders will be opened on December 8.

The bidder should present a single tender proposing a minimum quantum of contracted energy of 50 MW and a maximum capacity of 1,200 MW.

For every project, the minimum project capacity must be 50 MW. The total capacity projects to be allotted to a bidder would be limited to 1,200 MW.

Interested bidders will have to provide an amount of Rs 1.146 million as a performance bank guarantee at least a week before inking the power purchase agreement (PPA).

The scheduled commissioning date for commissioning the project’s total capacity must be 18 months from the effective date of the PPA.

The hybrid plants must be created for interconnection with the transmission network of the central transmission utility at a voltage level of 220 kV or above.

Under this bid, a hybrid power project will mean a project involving two elements – one solar and one wind power project. The rated established project capacity of either of the two elements shall be at least 33% of the contracted capacity.

The declared yearly capacity utilisation factor (CUF) should, in no case, be lower than 30%. The developer should manage energy supply to obtain annual supply corresponding to CUF not lower than 90% of the declared value and not over 120% of the stated CUF value during the PPA duration of 25 years.

Under the request for selection (RfS) terms, SECI has offered to advance only commercially established and operational technologies to minimise the technology risk and attain timely commissioning of the projects.

To guarantee only quality systems are set up, only wind turbine models registered in the Revised List of Models and Manufacturers released by the Ministry of New and Renewable Energy as updated as on the date of commissioning of the projects will be approved for deployment.

The bidders are suggested to take cognisance of the imposition of Basic Customs Duty (BCD) on solar cells and modules while making their response to this RfS.

The bidder’s net worth must be at least Rs 11.46 million per MW of the quoted capacity as of the last day of the prior fiscal year.

The bidder’s minimum yearly turnover should be at least Rs 6.154 million per MW of the quoted capacity during the last fiscal year. In the form of profit before depreciation, interest, and taxes, the bidder’s internal resource production capacity should be at least Rs 1.231 million per MW of the quoted capacity, as on the last date of the preceding financial year.

The bidder should have a permission letter from the lending institution committing a line of credit for a minimum value of Rs 1.538 million per MW of the quoted capacity.

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