SECI’s Auction For 5GW Solar Manufacturing Gets One Bidder


SECI’s Auction For 5GW Solar Manufacturing Gets One Bidder

State-run Solar Energy Corporation of India (SECI) got poor response to its tender for 5GW/year solar manufacturing here as only one bidder Azure Power turned up for the auction on Thursday. The SECI being the nodal agency of the government had invited bids for selection of solar power developers for setting up of 5GW (Per Annum) solar manufacturing plant linked with power purchase agreements (PPAs) for ISTS (Inter State Transmission System) connected Solar PV Power Plant.

“The auction for the solar manufacturing of 5GW capacity got poor respose as only one bidder Azure Power turned up for bidding today,” a source said.

As part of the government’s targets of achieving a cumulative capacity of 100 GW Solar PV installation by 2022, the SECI had invited bids from developers. It was a tariff based competitive bidding followed by e-Reverse Auction. Read more

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