SECI Invites Bids To Procure 1000 MW Excess Renewable Power From Existing RE Projects
Source：solarquarter
Solar Energy Corporation of India Limited has invited proposals for the supply of 1000 MW of excess renewable power from projects that already have valid power purchase agreements. The request for selection is aimed at purchasing excess renewable energy during solar hours from developers who are able to generate more power than what is committed under their existing contracts.
The selected bidders will enter into a fresh power purchase agreement with the corporation for a period of twelve years based on the terms and conditions given in the request document. This move is expected to help in better utilization of renewable energy generation and support grid availability during high solar generation periods.
The Ministry of Power has already issued guidelines for tariff-based competitive bidding for the procurement of firm and dispatchable renewable power combined with energy storage systems. These guidelines were announced through a gazette resolution on 9 June 2023. Under the new request for selection, renewable power developers will need to set up ISTS-connected renewable energy projects along with energy storage systems and the required transmission network up to the delivery point.
The responsibility of supplying power under the existing power purchase agreements and supplying excess renewable power to the corporation will be with the developer as per the conditions in the request and the power purchase agreement.
The scheduled commencement of supply of excess power is fixed at eighteen months from the effective date of the new agreement. Developers must provide an earnest money deposit of nine lakh fifty-four thousand rupees per megawatt for each project. This must be submitted in the form of a bank guarantee as specified in the request. The last date for online bid submission is 30 January 2026, and the last date for offline submission is 3 February 2026. The corporation aims to encourage project developers to make better use of their installed capacity and contribute to a more flexible renewable energy supply for the national grid.