SECI issues tender for 5GW green energy bundled with thermal

The developer will supply at least 51% of energy from renewable sources.

The Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) for renewable developers to supply 5GW of round-the-clock power from renewable power projects bundled with power from coal-based thermal projects, Mercom India reported.

The developer will supply at least 51% of energy from renewable sources, including energy storage systems if any. The balance can be drawn from existing coal-based thermal energy projects.

Land, connectivity, and long-term open access will be within the scope of the work of the developer. Interested bidders must pay an earnest money deposit (EMD) of $6,743 (₹500,000) per megawatt undertaken in the form of a bank guarantee.

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The RfS stated that the minimum project capacity a developer can bid for is 500MW and the maximum is 5GW. A single bidder can be allocated the maximum of 5GW of projects.

The net worth of the bidder must also be at least $202,291(₹15m) per megawatt of the quoted capacity and a turnover of $330,409 (₹24.5m) in the last year to participate.

Renewable projects that are already commissioned are not allowed. Meanwhile, thermal projects that are commissioned and under construction can be included if they have additional capacity that can be made available for long-term power supply.

The last date for the submission of bids is on 4 May.