India tenders for another 1.2 GW of solar capacity

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The Solar Energy Corporation of India (SECI) has invited bids to set up 1.2 GW of grid connected solar power generation capacity under the eighth tranche of its inter-state transmission system program.

Under the terms of the tender, SECI will sign a 25-year power purchase agreement (PPA) with the successful bidders. The maximum tariff payable to successful projects for the electricity generated will be INR2.78/kWh ($0.039). Projects – developed on a build, own, operate basis – can be established anywhere in India and SECI will sell the power on to state utilities.

For the full story, please visit our pv magazine India site.