The maximum tariff payable to successful developers has been fixed at INR2.93/kWh ($0.0427/kWh) for 25 years.
To be built on the build, own, operate basis, the 750 MW capacity will be comprised of projects of at least 10 MW in scale, set up in multiples of 10 MW. Bidding closes on September 14.
Projects – which could all be awarded to a single developer – must achieve financial close within 12 months from the effective date of their power purchase agreement, and successful developers must demonstrate possession of 100% of the land identified within the same timeframe.
Land, connectivity and long-term open access shall be in the scope of the developer and SECI will enter a 25-year PPA with successful bidders, with the power generated sold to Rajasthan Urja Vikas Nigam Limited (RUVNL).
According to the SECI circular announcing the tender, the Rajasthan projects will be technology agnostic, meaning crystalline silicon, thin film or ccncentration PV (CPV) – with or without trackers – can be installed.
To minimize technology risk and achieve timely commissioning, only commercially established and operational technologies can be used.
With 20 projects of 1.5 GW capacity in the pipeline, Rajasthan wants to increase solar power generation to 3.78 GW by April. Solar currently contributes 10% of the power consumption of the state, with a target to reach 17% by 2021.
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