SECI issue Tender for RfS for Setting up 1200 MW ISTS-connected SPV Power Projects with 600MW/ 3600MWh ESS (SECI-ISTS-XXI) – EQ

Summary:

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## **SECI Tender for 500 MW Firm & Dispatchable Renewable Energy (FDRE) with Storage**

**Issued by:** Solar Energy Corporation of India Ltd. (SECI)
**Tender No.:** SECI/FDRE/500MW/2025
**Mode:** Tariff-based competitive bidding under e-reverse auction
**Date:** 2025

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### **Objective**

SECI invites bids for **Selection of Developers** to supply **500 MW of Firm & Dispatchable Renewable Energy** with Energy Storage Solutions, on a **build-own-operate** basis, to be connected to the ISTS (Inter-State Transmission System). The power will be supplied to SECI, which will sell it to buying utilities under long-term PPAs.

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### **Key Features**

* **Project Capacity:** 500 MW (minimum individual project: 50 MW; maximum by single bidder: 250 MW).
* **Storage Requirement:** Minimum 6 hours of continuous discharge at full contracted capacity.
* **Contract Period:** 25 years from SCOD.
* **Delivery Point:** ISTS substation (designated by CTUIL).
* **Tariff Structure:** Fixed tariff for the full term; discovered via e-reverse auction.

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### **Important Dates**

* **Bid Document Download:** From tender publication till bid deadline.
* **Pre-bid Meeting:** As per NIT schedule.
* **Bid Submission Deadline:** As specified in the tender portal.
* **Bid Opening:** Technical bid followed by financial bid for qualified bidders.

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### **Eligibility Criteria**

1. **Technical:**

* Experience in developing/supplying renewable energy projects and/or storage systems.
* Past execution of projects meeting specified MW/MWh thresholds.
2. **Financial:**

* Net worth ≥ 20% of total project cost.
* Minimum annual turnover and internal resource generation requirements.
3. **Consortiums:** Allowed, with one lead member having ≥ 51% equity in SPV.

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### **Bid Security & Performance Guarantee**

* **EMD:** INR 11.5 lakh/MW in the form of BG or payment.
* **Performance Bank Guarantee:** INR 35 lakh/MW to be furnished within a set period post-LOA.

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### **Scope of Work**

* Design, engineering, procurement, construction, commissioning, and O\&M of renewable energy plants with integrated storage.
* Must ensure **firm and dispatchable supply profile** as per SECI requirements, including:

* Peak and off-peak supply obligations.
* Scheduling & forecasting per CERC/SLDC guidelines.
* Compliance with grid codes and metering protocols.

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### **Tariff & Payment**

* Single fixed tariff for 25 years; discovered through e-reverse auction.
* Payment by SECI under back-to-back arrangement with buying utilities.
* Payment security mechanism includes LCs and Payment Security Fund.

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### **Penalty & Compensation**

* Delay in commissioning: Liquidated damages per MW per day.
* Under-supply: Compensation linked to deviation from committed supply profile.

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### **Other Key Conditions**

* Change in Law provisions as per standard PPA terms.
* Force Majeure clauses covering natural calamities, war, etc.
* Early commissioning allowed but tariff period starts from SCOD.
* Energy accounting and settlement as per applicable CERC/SLDC rules.

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