New Delhi, Sep 27 (PTI) State-run Solar Energy Corporation of India (SECI) got poor response to its tender for 5GW/year solar manufacturing here as only one bidder Azure Power turned up for the auction on Thursday. Also Read - Wimbledon 2020 to be 'Cancelled' Amid Coronavirus Pandemic
The SECI being the nodal agency of the government had invited bids for selection of solar power developers for setting up of 5GW (Per Annum) solar manufacturing plant linked with power purchase agreements (PPAs) for ISTS (Inter State Transmission System) connected Solar PV Power Plant. Also Read - COVID-19: KL Rahul Plays With Pet During Coronavirus-Enforced Lockdown, Hardik Pandya Reacts | WATCH VIDEO
“The auction for the solar manufacturing of 5GW capacity got poor respose as only one bidder Azure Power turned up for bidding today,” a source said. Also Read - Bodies of COVID-19 Patients Should be Cremated Irrespective of Religion: BMC
As part of the government’s targets of achieving a cumulative capacity of 100 GW Solar PV installation by 2022, the SECI had invited bids from developers. It was a tariff based competitive bidding followed by e-Reverse Auction.
As per the tender document, the bidders were allowed to bid for a minimum capacity of 1GW of manufacturing linked to 2GW of assured off take of power.
However, the bidders were free to bid for the entire 5GW manufacturing, linked to 10GW Power Plant for which assured offtake was given. The slab for bidding was 1GW each and capacity(ies) was to be allocated on bucket filling basis.
The SECI was to enter into PPA with successful developers for a period of 25 years. The maximum tariff was capped at Rs 2.93/unit for 25 years.
This is published unedited from the PTI feed.