seci ix

According to SECI, it has already allocated 9,600 MW of wind energy projects in the first seven tranches of the scheme. According to the Ministry of New and Renewable Energy (MNRE), wind power accounted for 36.9 GW of the total installed power capacity and nearly 10.09% of the overall power capacity mix as of September 2019. However, for projects where auctions are already completed before the notification of BCD, these projects will be protected under the ‘grandfathering’ clause. Your email address will not be published. NTPC and NLC are two central public sector undertakings (CPSU) that are continuously building their solar project portfolio and are now actively participating across all major tenders. In September 2019, SECI had invited bids from wind power developers to develop 1,200 MW of interstate transmission system (ISTS) connected wind power projects under Tranche IX of the ISTS program.

Save my name, email, and website in this browser for the next time I comment. According to Mercom India Research, SECI has auctioned 9.3 GW of wind projects under SECI’s ISTS Tranche I to Tranche VIII program. With ongoing China border issues, it is likely that 20% of BCD will be applicable now on imported solar modules instead of earlier expected staggered implementation of BCD starting from 10% in initial years to gradually to 20%. Solar Energy Corporation of India’s (SECI) tender for 2 GW of Interstate Transmission System (ISTS) connected Solar PV Project under tranche IX has received an overwhelming response from the project developers resulting into an over-subscription by about 2.35 GW. SECI floated this tender in the month of March 2020. Interested bidders are expected to make an earnest money deposit of ₹600,000 (~$7,949)/MW. 27/ 2C, Palam Vihar, Gurugram, Haryana- 122017, Phone: +91-7428306655 But, due to COVID lockdown, its bid submission deadline got extended till June 22, 2020. In September 2019, SECI had invited bids from wind power developers to develop 1,200 MW of interstate transmission system (ISTS) connected wind power projects under Tranche IX of the ISTS program.

nit documents : comprehensive it facility management services including 03 (three) onsite technical service personnel for a period of 02 (two) years at corporate office complex of solar energy corporation of india limited (seci), new delhi The auction saw the lowest tariff of ₹2.83 (~$0.0395)/kWh quoted by CLP India, which bid for a capacity of 250.8 MW. In this wind tender, SECI has also introduced two new clauses: SECI has further specified that if all or any part of the debt due is convertible into equity, it won’t be considered as a debt due. Last month , SECI awarded 439.8 MW of wind projects in an auction, this capacity is part of the tender floated by the agency for 1,800 MW of interstate transmission system (ISTS) connected wind projects under tranche VIII. (TRANCHE-IX) RfS No.
SECI/C&P/WPD/ 2000MW /T9 RfS 032 Dated: .03.20 ISSUED BY Solar Energy Corporation of India Ltd 1st Floor, D-3, A-Wing, District Centre, Prius Platinum Building, Saket, New Delhi-110017 Tel No.

Developers can submit bids for project sizes varying from a minimum of 50 MW to 600 MW. The other bidder Avikaran Energy (Enel) quoted a tariff of ₹2.84 (~$0.0396)/kWh to develop a capacity of 300 MW but was only awarded 189 MW. © 2020 by Mercom Capital Group, LLC. In the amendment released on October 17, 2019, SECI revised the maximum tariff payable at ₹2.93 (0.04)/kWh for the full period of 25 years. More articles from Rakesh Ranjan. Paramount Infosystem Pvt. The Solar Energy Corporation of India has extended the deadline for the submission of bids for its 1,200 MW wind tender.The new bid submission deadline for the tender is December 5, 2019. Moreover, SECI has mentioned that the debt due on or after the COD cannot exceed 80% of the total project cost. Visitors count since October 1, 2020, Official Website - Solar Energy Corporation of India ltd. Design & Developed by Rakesh is a staff reporter at Mercom India. (TRANCHE-IX) RfS No. Vena Energy and JSW Solar have won 970 MW of blended wind projects under the Solar Energy Corporation of India’s 2.5 GW auction for interstate-connected (ISTS) blended wind power projects (Tranche IX).According to Mercom’s sources, Vena Energy Vidhyuth Private Limited won 160 MW of projects quoting the lowest tariff of ₹2.99 (~$0.0401)/kWh, while JSW Solar was awarded 810 MW of …

October 1, 2020

Your email address will not be published. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). Now, the clause is amended to say that, the parties agree that decisions about the approval and adoption of the tariff along with SECI’s trading margin for procurement of contracted capacity, will be binding on all parties concerned, as contained in the Electricity Act, 2003 or any amendments. SECI has also added two new clauses to this tender, Government Extends Timeline for Localization of EV Components, Volkswagen to Invest €15 Billion in Electric Mobility by 2024 in China, Uttarakhand DISCOM Mulls Passing on Tariff Rebates to Power Consumers, SJVN Bags a 100 MW Project in Gujarat’s Raghanesda Solar Park, NHPC Signs Power Sale Agreements for 1.7 GW of Solar Projects, Electricity Regulator Rules in Favor of Open Access Solar Project Developer, Daily News Wrap-Up: Siemens and WUN H2 to Build a CO2 Free Hydrogen Production Facility, Andhra Pradesh Government Allots Over 1,454 Acres of Land to Set up Solar Projects, Women Occupy One-Third of Workforce in the Global Renewable Energy Sector, Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion. 161334 A SECI official confirmed to Mercom, “The wind tranche-IX 2 GW is a retender of the earlier announced 1.2 GW wind tender.” However, the retender has undergone a capacity increase at 2 GW. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. In August, SECI awarded 439.8 MW of wind projects in its auction. It was part of the tender floated by the agency for 1,800 MW of ISTS-connected wind projects under Tranche VIII. Website last updated : SECI latest auction saw the record low bid of ₹2.36 (~$0.0313)/kWh. The SECI has amended a clause in both the power purchase agreement (PPA) and a power sale agreement (PSA).

Based on our in-depth sector experience, strong industry network, we  provide key insights and detailed industry information which helps our clients develop successful business models and market strategies. Figure 1: Tentative list of bidders for SECI, 2,000 MW, Solar, ISTS, Tranche-IX tender. The earlier clause stated that the parties agree that any modifications in the agreement due to the adoption of the tariff and approving the procurement of the contracted capacity as directed by the appropriate commission or DISCOMs will be binding on both parties to the agreement.

The tender received bids of total 4,350 MW solar capacity from 12 project developers. The Solar Energy Corporation of India (SECI) has extended the deadline for the submission of bids for its 1,200 MW wind tender. Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender Solar Energy Corporation of India’s (SECI) tender for 2 GW of Interstate Transmission System (ISTS) connected Solar PV Project under tranche IX has received an overwhelming response from the project developers resulting into an over-subscription by about 2.35 GW. July 2020 is a critical month for solar project developers as new form of duties in form of Basic Custom Duties (of upto 20%) are likely to be notified before the lapse of safeguard duty (15%) by July 31, 2020. Restrictive banking provisions hampering RE adoption in India, Tamil Nadu, Andhra Pradesh and Telangana account for ~71% of outstanding dues from DISCOMs to RE generators, Green Term Ahead Market (GTAM): Opening new doors to Renewable Power Procurement, Zipping halfway through 2020: High-Speed Electric 2-Wheelers. Apart from this 2 GW tender, additionally there are about 18.2 GW of SECI tenders where bid submission date is before July 31, 2020.

The projects are to be delivered on a build-own-operate (BOO) basis.

This will increase the solar project costs as module prices will increase.

Earlier, SECI had set a ceiling tariff of ₹2.85 (~$0.040)/kWh. SECI/C&P/WPD/1200MW /T9 RfS/092019 Dated: 20.09.2019 ISSUED BY Solar Energy Corporation of India Ltd 1st Floor, D-3, A-Wing, District Centre, Prius Platinum Building, Saket, New Delhi-110017 Tel No. The auction was conducted for 2 GW of the ISTS connected solar projects (Tranche IX). 011-71989200 Email - contracts@seci.co.in Tender Search Code (TSC) in ISN-ETS Portal: SECI-2019-TN000016
SECI Extends Bid Submission Deadline for its 1.2 GW Wind Tender, The principal amount of the debt provided by the senior lenders under the financing agreements for financing the total project cost, excluding any part of the principal that had fallen due for repayment two years before the transfer date, All accrued interest, financing fees and charges payable excluding any interest, fees or charges that had fallen due one year before the transfer date and any penal interest or charges payable under the financing agreements, Any pre-payment charges concerning accelerated repayment of debt except when these charges are levied due to utility default, Any subordinated debt which is included in the financial package and disbursed by lenders for financing the total project cost. Together, the two bidders were allotted 439.8 MW of wind projects.



THE minimum CUF condition for this tender is 17% and the commissioning timeline is 18 months. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';fnames[5]='BIRTHDAY';ftypes[5]='birthday';}(jQuery));var $mcj = jQuery.noConflict(true); JMK Research & Analytics is a boutique consultancy firm providing research and advisory services to Indian and International clients across three key focus areas – Renewables, Electric mobility and Battery storage market. Required fields are marked *. Figure 2: SECI tenders where bid submission date is before July 31, 2020. :

The new bid submission deadline for the tender is December 5, 2019. seci/sd/eoi/20-21 Expression of Interest (EOI) for Renewable Energy (RE) based Solutions/ System/ Technology for meeting energy requirements in remote areas … Before that, Mercom reported another wind tender floated by SECI for 1.8 GW of projects was left undersubscribed with bids totaling 551 MW only.

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