SECI floats bids for 500 MW of ISTS-connected renewable energy projects

The Solar Energy Corporation of India Limited (SECI) has solicited bids to select renewable energy developers for the delivery of 500 MW of power from interstate transmission system (ISTS)-connected renewable energy projects with storage facilities across India.

Under the provisions of the power purchase agreement, the renewable energy developer will be required to construct ISTS-connected renewable energy power projects, including the dedicated transmission network up to the interconnection/delivery points. The project will include energy storage systems. according to the tender guidelines. The bidders must deposit a bid processing fee of Rs 1.5 million with a 18 per cent GST. The bid submission deadline is August 31, 2023.