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
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?