The Solar Energy Corporation of India (SECI) has issued a tender, inviting proposals from eligible bidders for setting up ISTS-connected wind-solar hybrid power projects in India (Tranche-IV), on a Build Own Operate (BOO) basis for an aggregate capacity of 1200 MW (1.2 GW).
SECI has been designated as a trader for the purchase and sale of power from such projects. SECI shall enter into Power Purchase Agreement (PPA) with the successful bidders selected based on this RfS and Power Sale Agreement with the interested Buying Entities.
Buying Entities and bulk consumers which require wind-solar hybrid power to fulfill their solar and non-solar RPO under respective RPO regulations will be eligible to buy wind-solar hybrid power under this scheme. SECI shall sign PPAs with the Hybrid Power Developers (HPDs) at the respective tariffs discovered after e-reverse auction and back-to-back Power Sale Agreements (PSAs) with the Buying Entities at a pooled price of the total capacity allotted.
The duration of the PPAs and PSAs shall be 25 years from the Scheduled Commissioning Date of the Projects.