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SECI has issued a Request for Selection (RfS) document for wind power developers aiming to set up 500 MW ISTS-connected wind power projects in India under Tariff-Based Competitive Bidding (SECI-Tranche-XVII). The earnest money deposit (EMD) required for this endeavor is ₹12,98,000/- per MW per project, to be submitted as a bank guarantee along with the response to the RfS.
The Bid Opening Date for this initiative is scheduled for 11th July 2024, with the Document Sale End Date and Bid Submission End Date set for 8th July 2024. Under this RfS, wind power developers are tasked with establishing ISTS-connected wind power projects, including the transmission network up to the Interconnection/Delivery Point, with the primary objective of supplying wind power to SECI.
The scope of responsibilities for the wind power developers (WPD) includes the identification of land, installation, and ownership of the project, along with obtaining connectivity and necessary approvals for interconnection with the ISTS network. While the projects aim to deploy wind power technology, the selection process remains technology agnostic.
Selection of wind power projects totaling 500 MW will be conducted through e-bidding followed by an e-Reverse Auction (e-RA) process. Bidders are required to submit a single bid offering a minimum quantum of 50 MW and a maximum quantum of 250 MW, in prescribed formats. The contracted capacity may be quoted in decimal values, up to two decimal places.
Part commencement of power supply from the project will be accepted by SECI, with the minimum capacity for the first part set at 50% of the project capacity or 50 MW, whichever is lower. The Scheduled Commencement of Supply Date (SCSD) for supplying power from the full project capacity shall be 24 months from the Effective Date of the Power Purchase Agreement (PPA).
In case of delays beyond the SCSD, penalties will be imposed, with the total PBG amount for the project being encashed on a per-day basis. Additionally, for delays beyond a specified date, the contracted capacity will be reduced, and the corresponding PBG will be encashed on a pro-rata basis. This initiative by SECI aims to further harness wind energy potential in India and contribute to the nation’s renewable energy objectives.
Please view the document below for more details.
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