+
SECI Releases Tender for 400 MW Wind-Solar Hybrid Projects
POWER & RENEWABLE ENERGY

SECI Releases Tender for 400 MW Wind-Solar Hybrid Projects

SECI has announced its invitation for bids to develop 400 MW of ISTS-connected wind-solar hybrid power projects under Tranche IX. It was stated that the projects must be operational within 24 months from the signing of the PPA.

The deadline for bid submissions was set for July 29, 2024, with bid opening scheduled for August 1. The bidding documents were priced at ?50,000 (~$599) each, and a bid processing fee of Rs 20,000 per MW was required.

Prospective bidders were obligated to provide an earnest money deposit calculated at Rs 942,000 multiplied by the rated cumulative installed capacity of the solar component in MW, plus Rs 1.29 million multiplied by the rated cumulative installed capacity of the wind component in MW.

Successful bidders would need to furnish a performance bank guarantee amounting to Rs 2.35 million per MW for the solar component and Rs 24 million per MW for the wind component.

Additional requirements included a success charge of Rs 100,000 per MW and a payment security deposit of Rs 0.02 per kWh. Financial prerequisites mandated that bidders demonstrate a net worth of Rs 9.42 million per MW for the solar component and Rs 12.98 million per MW for the wind component, as of the previous financial year's end.

Furthermore, bidders were required to have achieved a minimum annual turnover of Rs 9.02 million per MW of quoted capacity during the last financial year. They also needed to exhibit an internal resource generation capability equivalent to at least Rs 1.8 million per MW of quoted capacity as of the previous financial year's conclusion. Lastly, bidders must secure an approval letter from lending institutions committing a line of credit of at least Rs 2.25 million per MW of quoted capacity to meet the project's working capital requirements.

SECI has announced its invitation for bids to develop 400 MW of ISTS-connected wind-solar hybrid power projects under Tranche IX. It was stated that the projects must be operational within 24 months from the signing of the PPA. The deadline for bid submissions was set for July 29, 2024, with bid opening scheduled for August 1. The bidding documents were priced at ?50,000 (~$599) each, and a bid processing fee of Rs 20,000 per MW was required. Prospective bidders were obligated to provide an earnest money deposit calculated at Rs 942,000 multiplied by the rated cumulative installed capacity of the solar component in MW, plus Rs 1.29 million multiplied by the rated cumulative installed capacity of the wind component in MW. Successful bidders would need to furnish a performance bank guarantee amounting to Rs 2.35 million per MW for the solar component and Rs 24 million per MW for the wind component. Additional requirements included a success charge of Rs 100,000 per MW and a payment security deposit of Rs 0.02 per kWh. Financial prerequisites mandated that bidders demonstrate a net worth of Rs 9.42 million per MW for the solar component and Rs 12.98 million per MW for the wind component, as of the previous financial year's end. Furthermore, bidders were required to have achieved a minimum annual turnover of Rs 9.02 million per MW of quoted capacity during the last financial year. They also needed to exhibit an internal resource generation capability equivalent to at least Rs 1.8 million per MW of quoted capacity as of the previous financial year's conclusion. Lastly, bidders must secure an approval letter from lending institutions committing a line of credit of at least Rs 2.25 million per MW of quoted capacity to meet the project's working capital requirements.

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?