SECI increases ceiling price for two tenders to woo developers


SECI increases ceiling price for two tenders to woo developers

Solar Energy Corporation of India (SECI) has raised the ceiling price it had set for two recent innovative tenders by 10 paise per unit of power to induce more developers to bid for the projects after tepid response in previous auctions.

The government has now invited fresh bids for hybrid projects, which require solar and wind power generating facilities to be set up at the same site, and manufacturing-linked solar projects, officials said.

“We have taken rising interest rates and other factors into consideration, and hence raised the ceiling price,” said an official from ministry of new and renewable energy (MNRE), of which SECI is a part. “We hope this will attract better participation.”

The ceiling tariff for hybrid projects has now been fixed at Rs 2.70 per unit, while that for manufacturing-linked solar projects has been raised to Rs 2.85 per unit. Read More

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