SECI tenders 750 MW of projects in Rajasthan
Post date: 27/03/2019 - 18:57
The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for 750 MW of grid-connected solar PV projects in Rajasthan. According to Mercom Capital Group, a single bidder must bid for a minimum of 10 MW and a maximum of 750 MW. The projects will be developed on build own operate (BOO) basis, and the scope of work includes acquiring the land, developing the project, connectivity, and long-term open access. The projects must achieve financial closure within 12 months from the effective date of the PPA, says the consultancy. SECI will enter into a power purchase agreement with the successful solar project developers for 25 years. It has set the upper ceiling tariff at INR 2.68 ($0.039) per kWh.
In a previous 750 MW auction in Rajasthan in August 2018, SECI awarded four solar project developers, including Fortum Solar (250 MW), ACME Solar (250 MW), Sitara Solar (100 MW), and Palimarwar Solar (40 MW). Rajasthan has so far installed approximately 3.6 GW of large-scale solar installations, according to Mercom India Project Tracker.