The Solar Energy Corporation of India (SECI) has amended the Request for Selection (RfS) for setting up of 10 GW of ISTS-connected solar PV power projects linked with 3 GW (per year) solar manufacturing capacity.
According to the amendment, Solar Power Developers (SPDs) will be required to have cumulative annual solar manufacturing capacity of 3 GW, to be setup over a maximum period of 36 months from the execution of Power Purchase Agreements (PPAs).
Under this tender, the solar power projects commissioned up to March 31, 2024, will be eligible for ISTS charges waiver. In case the commissioning is delayed beyond March 21, 2024, the SPD will be liable to bear the applicable ISTS charges levied/ leviable on the buying entity.
In such case, ISTS charges or the tariff reduction due to the delay in solar project commissioning, whichever is higher will be applicable on the SPD. Read More
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