Five bids win SECI auction to supply 2.5GW of 24/7 power

Hindustan Thermal Projects, JSW Neo Energy, ReNew Samir Urja, Greenko Energies and Power Mech Projects emerged as winners in the Solar Energy Corporation of India’s (SECI) auction seeking supply of 2.5 GW of round-the-clock (RTC) power from grid-connected renewable energy projects, complemented with power from coal-based thermal projects, sources said.

Hindustan Thermal Projects emerged as the lowest bidder quoting Rs 3.01 per unit for supply of 250-MW electricity. According to the bid documents, all bidders will have to match the L1 tariff to bag contracts.

Greenko Energies quoted a tariff of Rs 3.18 per unit to supply 1,001 MW. ReNew Samir Urja placed Rs 3.19 per unit bid for 600 MW and Power Mech Projects quoted Rs 3.30 per unit for supply of 550 MW.

JSW Neo quoted Rs 3.45 per unit for 600 Mw.

SECI on Thursday called for the expression of interest for procurement of 1000 MWh Battery energy storage system. A pre-bid conference is scheduled to be held on October 28, following which the final bid document will be floated in the first week of November.

India plans to use energy storage system to support renewable energy, to maximise the use of transmission system and as a merchant capacity by the energy storage system developer for sale in the power market.