SECI invites bids for 3000 MW ISTS-connected solar PV projects in India

Solar Energy Corporation of India (SECI ) has floated Request for Selection (RfS) Document inviting bids for setting up of 3000 MW (250 MW x 12) ISTS-Connected Solar Power Projects under Global Competitive Bidding.

SECI notes that Solar Power Developers (SPDs) selected by SECI based on this RfS, shall set up Solar PV Projects on Build Own Operate (BOO) basis in accordance with the provisions of this RfS document and standard Power Purchase Agreement (PPA).

SECI will enter into PPA with successful SPDs for a period of 25 years from the date as per the provisions of PPA.

The maximum tariff payable to the Project Developer is fixed at Rs. 2.93/ kWh for 25 years. The Bidders will be free to avail fiscal incentives like Accelerated Depreciation, Concessional Customs and Excise Duties, Tax Holidays etc. as available for such projects. The same will not have any bearing on comparison of bids for selection. As equal opportunity is being provided to all bidders at the time of tendering itself, it is up to the Bidders to avail various tax and other benefits notes SECI.

The Project should be designed for interconnection with the ISTS in accordance with the prevailing CERC regulations in this regard. For interconnection with the grid and metering, the SPD shall abide by the applicable Grid Code, Grid Connectivity Standards,

Last date for submission of the bid is 27-April-2018, for more info click here.

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