4 Winners in SECI's Latest 1200 MW Solar Tender

Feb 28, 2020 10:57 AM ET
  • SECI has actually wrapped up the public auction for its 1200 MW solar tender, granting the complete tendered ability to the 4 effective prospective buyers.
4 Winners in SECI's Latest 1200 MW Solar Tender
Image: saurenergy.com

The Solar Energy Corporation of India (SECI) has actually lately ended the public auction for its 1200 MW solar tender, granting the complete tendered capability to the 4 effective prospective buyers. With all winning quotes can be found in method less than the ceiling toll that was embeded in the tender at Rs 2.78/ kWh.

The largest champion in the public auction was SoftBank-backed SB Energy which won 600 MW capability at the winning L1 proposal of Rs 2.50/ kWh. Eden Renewables as well as AMP Energy likewise matched the L1 toll of Rs 2.50/ kWh to be granted 300 MW and also 100 MW abilities specifically. Restore Power after estimating Rs 2.51/ kWh for establishing 600 MW of solar projects was granted the rest of the 200 MW capability of the tender.

SECI had actually released the comprehensive Request for Selection file for the tender in January, for the option of programmers to establish the 1200 MW ISTS-connected solar PV power projects in the nation under tariff-based affordable bidding process. Based on the RfS record, besides establishing as well as running the power projects under a Build-Own-Operate (BOO) basis, the effective designers were additionally in charge of the land, connection as well as long-term open gain access to.

Extra lately, we had actually reported that SECI had actually gotten 9 possible proposals versus the 1200 MW tender. With quote abilities going beyond 3500 MW. The 9 companies that had actually sent proposals were ReNew Power, Softbank, Avaada, O2 Power, Brookefield, Eden, Tata, Ayana, as well as IB Solar, with complete propositions sent for 3.5 GW. Restore Power and also Softbank-backed SB Energy sent the most significant proposals at 600 MW each, behind them Avaada sent an only bid for 500 MW. The continuing to be 6 prospective buyers each sent bids for 300 MW ability each.

Before that, SECI had actually made modifications to the power acquisition and also sale arrangement for this solar tender, including an additional indicate the existing 'alter in legislation' stipulation. According to the changed stipulation, in case of an adjustment in the legislation therefore anti-dumping responsibility or secure obligation or custom-mades obligation on the solar components, the project programmers will certainly be qualified to either a boost or reduce in the toll.

Solar Installers, Manufacturers