Renewables are the cheapest form of new energy in India. Image: SECI
Solar Energy Corporation of India (SECI) is seeking 2,250MW of so-called ‘Round-the-Clock’ (RTC) energy from renewable sources in a third tender round of its type.
SECI, a national government organisation administered by the Ministry of New and Renewable Energy (MNRE), issued a Request for Selection (RFS) document last week on 2 September.
Renewable energy developers that can supply dispatchable energy from renewables complemented with “power from any other source or storage” will be eligible to submit projects into a competitive bidding process. Projects must connect to the Interstate Transmission System (ISTS).
Winning projects will be awarded contracts on a ‘build, own, operate’ basis, with SECI entering into 25-year power purchase agreements (PPAs) to buy the generated or stored…