SECI issues tender for 1000 MW Round-the-Clock Thermal Mimic Renewable Power Supply

The selected projects will be connected to the Inter-State Transmission System and developed on a Build-Own-Operate basis. Developers will be required to maintain a fulfillment ratio of 90 percent during peak demand hours and 80 percent during off-peak hours, with an annual average of 90 percent. Bidders must propose projects with a minimum capacity of 100 MW and a maximum of 500 MW. Developers are responsible for securing land, arranging grid connectivity, and developing transmission infrastructure. Financial commitments include an Earnest Money Deposit, Performance Bank Guarantee, and a success charge of Rs. 1,00,000 per MW plus applicable GST. The bidding process involves a single-stage, two-envelope system followed by an electronic reverse auction. A document fee of Rs. 50,000 plus GST and a bid processing fee of Rs. 20,000 per MW (capped at Rs. 20 lakh plus GST) are required. Projects must achieve financial closure at least six months before the Scheduled Commencement of the supply date.