Developers have until May 10 to submit bids to build 2 GW of solar capacity across India, as long as the plants are connected to the interstate transmission grid. Projects are developed on the build-it-yourself principle.
Solar Energy Corp. of India (SECI) has started accepting bids to build 2 GW of solar projects across India. Projects connected to the Interstate Transmission System (ISTS) are to be developed on a build-to-own basis.
SECI will sign 25-year Power Purchase Agreements (PPAs) with the winning bidders. Electricity procured by SECI is sold to various parties in India.
SECI said it will not consider projects that have already been commissioned. However, projects under construction or soon to be commissioned will be considered if such installations have not already been approved under any other state or government scheme.
Developers can submit individual bids for any amount from 50 MW up to the entire tendered capacity (2 GW), but only in multiples of 10 MW. The total capacity allocated to the developer is a maximum of 2 GW.
The commissioning period of the project is 18 months from the signing of the electricity purchase agreements.