Tender brief

SECI invited bids to develop 1,200 MW ISTS-connected solar-wind hybrid projects in India.

Tender details

Total capacity 1,200 MW
Open capacity 1,200 MW
DCR capacity -
Tender scope BOO
Solar park NA
Tendering authority SECI
Offtaker/ Power consumer SECI
PPA tenure 25 years
Benchmark tariff/ VGF/ CAPEX NA
Allocation basis Tariff bid
Technology PV-wind hybrid
Bid size 50 - 1,200 MW
Minimum CUF 30%
Required bank guarantees

EMD: INR 0.5 million/ MW
PBG: INR 1 million/ MW

Technical criteria

Experience in commercially established and operational technologies

Financial criteria

Minimum net worth of INR 10 million/ MW
Minimum annual turnover of INR 7.5 million/ MW or PBDIT of INR 1.5 million/ MW or line of credit for INR 1.85 million/ MW 

Commissioning timeline 18 months
Notes
  1. Rated power capacity of one resource (wind or solar) should be atleast 33% of total contracted capacity.
  2. In case SECI is unable to execute PSA within 6 months of LoA issuance, projects will be cancelled.

Tender status

Results announced

Tender timeline

Tender release 15 April 2021
Bid submission 16 July 2021
Bid result 23 August 2021
Estimated PPA signing February 2022
Estimated COD August 2023