SECI Powers On with RFS For 2500 MW Project at Karnataka

• The Solar Energy Corporation of India (SECI) the other day provided a Request for Selection (RfS) file for option of solar energy programmers for establishing of 2500 MW ISTS-Connected Solar PV Power Projects at Ultra Mega Renewable Energy Power Park (UMREPP) in Koppal District, Karanataka under Tariff-based Competitive Bidding (ISTS-X). Around 13000 Acres of arrive at lease basis is readily available in Talakal and also bordering towns of Koppal District of Karnataka, India for this project.

The range of the project consists of consists of the purchase of land, connection, and also getting long-lasting open gain access to authorizations by the solar energy developer. With this RFS, the state firm is rather plainly doing its finest to guarantee that the energy for the solar market does not flag, also as project implementation obstacles are anticipated to be a major concern for the coming quarters, as a result of the effect of the Covid-19 pandemic as well as relevant limitations.

The last day for the entry of quotes is May 29, 2020.

The UMREPP projects were suggested back in 2019 by the MNRE to the federal government as a method to accelerate utility solar capability, as well as imagine a much greater degree of participation from corresponding state governments.While public field systems were to be urged to establish these big range parks, it was recommended that state federal governments would certainly additionally obtain 2 paise each of power manufacturing from these parks.

For the existing project, prospective buyers are anticipated to make a down payment down payment (EMD) of Rs 400,000/ MW. Besides this, there is an efficiency financial institution warranty (PBG) for 800,000/ MW within 70 days of the issuance of the letter of honor (LoA) or prior to authorizing the power acquisition arrangement (PPA), whichever is previously.

Net worth demands are a minimum of Rs 8 million/ MW of the ability taken on at the end of the last fiscal year. They have to additionally have had a minimal yearly turn over of Rs 4.14 million/ MW of the estimated capability in the last fiscal year. Candidates can send a solitary bid for amounts in between 50 MW as well as 2.5 GW. A solitary prospective buyer can additionally bid for, as well as win, the complete 2.5 GW.

The record handling charges likewise comply with the normal SECI standards, at Rs. 5 Lakh +18% GST for every Project from 50 MW upto 90

MW ability, as well as Rs. 15 Lakh + 18% GST for each and every Project from 100 MW as well as over capability.

For the document, based on MNRE records to the Union Cabinet, till January 31 2020, India has actually set up 86.32 GW of renewable resource capability, of which 34.03 GW is solar. Projects worth 35.09 GW go to numerous phases of application, while 34.47 GW went to intending phase. No upgraded records have actually been submitted ever since.