From pv magazine India
SECI concluded its tender for the supply of 1.2 GW of RTC power sourced entirely from renewable energy, with an average tariff of INR 5.06 ($0.059)/kWh.
Hero Future Energies secured 120 MW, and Hexa Climate Solutions won 100 MW by quoting the lowest tariff of INR 5.06/kWh. Jindal India Power secured 150 MW and Sembcorp Green Infra took 50 MW, both at a tariff of INR 5.07/kWh.
The winning developers will implement the projects under a build-own-operate model. The projects can be located anywhere in India but must be connected to the inter-state transmission system (ISTS).
Power can be generated from solar, wind, wind-solar hybrid, or any other renewable energy-based system, with mandatory backing from an energy storage system.
SECI will sign a 25-year power purchase agreement (PPA) with the successful bidders. The power procured will be sold to various buying entities across India.
Developers must maintain a demand fulfillment ratio of 75% on a monthly basis, 80% annually, and 90% during peak hours.
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