+
SECI's 2.5 GW grid-connected renewable project awarded to five bidders
POWER & RENEWABLE ENERGY

SECI's 2.5 GW grid-connected renewable project awarded to five bidders

The Solar Energy Corporation of India's (SECIs) auction of 2.5 GW round-the-clock (RTC) grid-connected renewable energy projects has been won by Hindustan Thermal Projects, JSW Neo Energy, ReNew Samir Urja, Greenko Energies and Power Mech Projects.

Of all the five, the lowest bidder, Hindustan Thermal Projects, quoted Rs 3.01 per unit for supplying 2.5 GW electricity. According to the bidding document, the bidder will have to match the L1 tariff to acquire the contract.

Greenko Energies quoted Rs 3.18 per unit for supplying 1,001 MW electricity, ReNew Samir Urja quoted Rs 3.19 apiece for 600 MW electricity, Power Mech Projects quoted Rs 3.30 per unit. Lastly, JSW Neo has quoted Rs 3.45 apiece for 600 MW electricity.

SECI has called for the Expression of Interest (EoI) for the procurement of a 1000 MWh battery storage system. A pre-bid conference was also scheduled for 28 October, and then the tender would be floated in November.

India has planned to use a battery storage system to promote renewable energy, maximise the use of the transmission systems and merchant capacity by the energy storage system developer for selling in the power market.

Image Source

Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

The Solar Energy Corporation of India's (SECIs) auction of 2.5 GW round-the-clock (RTC) grid-connected renewable energy projects has been won by Hindustan Thermal Projects, JSW Neo Energy, ReNew Samir Urja, Greenko Energies and Power Mech Projects. Of all the five, the lowest bidder, Hindustan Thermal Projects, quoted Rs 3.01 per unit for supplying 2.5 GW electricity. According to the bidding document, the bidder will have to match the L1 tariff to acquire the contract. Greenko Energies quoted Rs 3.18 per unit for supplying 1,001 MW electricity, ReNew Samir Urja quoted Rs 3.19 apiece for 600 MW electricity, Power Mech Projects quoted Rs 3.30 per unit. Lastly, JSW Neo has quoted Rs 3.45 apiece for 600 MW electricity. SECI has called for the Expression of Interest (EoI) for the procurement of a 1000 MWh battery storage system. A pre-bid conference was also scheduled for 28 October, and then the tender would be floated in November. India has planned to use a battery storage system to promote renewable energy, maximise the use of the transmission systems and merchant capacity by the energy storage system developer for selling in the power market. Image Source Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?