Tender Summary: Firm and Dispatchable Renewable Power of 500 MW by SECI
The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for the procurement of 500 MW of firm and dispatchable renewable energy (FDRE) power.
The selected Renewable Energy Power Developer (RPD) is tasked with setting up Inter-State Transmission System (ISTS) connected RE Power Projects, inclusive of the dedicated transmission network, with the primary objective of supplying renewable energy power to SECI at their own cost.
Key highlights of the tender are as follows:
- Scope: The identification of land, project installation, ownership, necessary approvals, and interconnection with the ISTS network are all under the RPD’s purview.
- Technology: The selection of projects will be technology-agnostic. All forms of renewable energy technologies are welcome.
- Capacity: The contracted capacity of the power projects should total 500 MW. This includes energy from various renewable energy sources such as solar, wind, and energy storage systems.
- Selection Process: SECI will select the projects through e-bidding followed by an e-Reverse Auction process.
- Energy Storage Systems (ESS): ESS shall mandatorily form part of the project. However, ESS charged using a source other than renewable energy will not qualify as renewable power.
- Compliance: The renewable power supplied should match the demand profile provided by the buying entity in a firm and dispatchable manner.
This tender represents a significant step towards meeting India’s ambitious renewable energy targets and sets a benchmark for the development of firm and dispatchable renewable power in the country.