The generated power will be supplied to the Solar Energy Corporation of India.
The Solar Energy Corporation of India (SECI) has invited bids to supply 1 GW of round-the-clock thermal mimic power from renewable energy projects connected to the interstate transmission system. The power will be supplied for a period of 25 years. The last date to submit bids is May 4, 2026, and the bids will be opened on May 7.
The tender requires developers to set up renewable energy projects integrated with energy storage systems so that electricity can be supplied continuously. The generated power will be supplied to the Solar Energy Corporation of India, which will then allocate it to power distribution companies or other buyers. Developers that have already commissioned renewable energy or storage projects, or are currently constructing projects with untied capacity, are also eligible to participate in the bidding process.
Bidders will have to submit a bid document fee of Rs. 50,000 and a bid processing fee of Rs. 20,000 per megawatt. They will also be required to submit an earnest money deposit calculated based on the installed capacity of the solar, wind, or other renewable components, as well as the energy storage system included in the project.
In addition, bidders must provide a performance bank guarantee calculated according to the capacity of the solar component, wind or other renewable sources, and the energy storage system. Developers selected through the bidding process will also have to pay success charges of up to Rs. 100,000 per megawatt and payment security mechanism charges of up to Rs.0.02 per kilowatt hour.
The successful bidders will be responsible for transmitting electricity up to the point of interconnection with the grid and will bear all associated transmission costs. The tender aims to ensure a reliable renewable energy supply that provides continuous power, comparable to conventional thermal generation, by combining renewable energy sources with storage systems.
