Tender brief

SECI issued tender to invite bids for 2,500 MW of round the clock renewable power bundled with conventional power.

Tender details

Total capacity 2,500 MW
Open capacity 2,500 MW
DCR capacity -
Storage 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-conventional-storage hybrid
Bid size 500 - 5,000 MW
Minimum CUF 85%
Required bank guarantees

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

Technical criteria

Experience in deploying commercially viable and operational technologies

Financial criteria

Minimum net worth of INR 15 million/ MW
Minimum annual turnover of INR 24.5 million/ MW or PBDIT of INR 4.9 million/ MW or line of credit of INR 6.125 million/ MW

Commissioning timeline 24 months
Notes
  1. Minimum 51% of power should be supplied from solar or wind sources.
  2. Scheduled commissioning timeline: project size up to 1,000 MW - 24 months; more than 1,000 MW - 30 months.
  3. Different project components, along with enegy storage systems installed, may be co-located or located at different locations.
  4. Tariff bids will have four components: fixed components for RE and non-RE power and variable components for fuel and transportation cost for non-RE power. 
  5. Successful bidders need to match L1 rate. Greenko, ReNew, Power Mech and JSW Energy have refused to match the rate.

Tender status

Results announced

Tender timeline

Tender release 17 March 2020
Bid submission 03 September 2021
Bid result 14 October 2021
Estimated PPA signing March 2022
Estimated COD March 2024