Solar Energy Corp. of India (SECI) has invited bids for the development of 1.2 GW of interstate transmission system (ISTS)-connected renewable energy projects coupled with energy storage systems (ESS), aimed at delivering 4,800 MWh (1200 MW x 4 hours) of assured peak power daily. The projects are to be developed on a build-own-operate (BOO) basis, to supply dispatchable renewable power during peak demand periods.
SECI will sign 25-year power purchase agreements (PPAs) with successful bidders and subsequently sell the procured power to various distribution companies and buying entities across India.
Under the tender, developers will be responsible for setting up renewable energy generation projects integrated with storage systems, along with the associated transmission infrastructure up to the delivery point. [Land and connectivity shall in the scope of the RE developer.]
The projects can be located anywhere in India. However, the renewable generation assets and the energy storage systems must be co-located within each project.
Developers must submit a single bid with a minimum contracted capacity of 50 MW and a maximum of 600 MW. The total capacity that can be allocated to any bidder group is capped at 600 MW.
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