SECI issues tender for 1,200 MW solar projects with storage

The Solar Energy Corporation of India (SECI) has invited bids from developers for setting up 1,200 MW interstate transmission system connected solar projects along with 600 MW/ 1,200 MWh energy storage systems (ESS). To be set up anywhere in India, Tranche XV, the projects will be set up on the basis of build, own, and operate model. According to the tender guidelines, the solar power developer is obligated to establish solar power projects connected to the interstate transmission system with ESS, encompassing the transmission infrastructure up to the interconnection or delivery point. The primary aim is to supply solar power to SECI at its own expense. The bidders are required to furnish Rs 1.29 milllion as an earnest money deposit. Before signing a power purchase agreement, the developers are required to submit Rs 3.24 million per MW per project as a performance bank guarantee. The bid submission deadline is April 26, 2024.