Studying Time: 1 minutes
In a latest growth in India’s renewable vitality sector, the Photo voltaic Power Company of India (SECI) has issued a Request for Choice (RfS) doc, inviting Wind Energy Builders to take part within the aggressive bidding course of for the institution of 1350 MW Inter-State Transmission System (ISTS)-connected Wind Energy Initiatives. This initiative, generally known as SECI-Tranche-XVI, goals to spice up the nation’s wind vitality capability by way of a tariff-based aggressive bidding system.
builders are required to pay a non-refundable doc payment of INR 29,500, inclusive of GST, to be submitted by way of NEFT/RTGS switch together with their RfS response. Moreover, a bid processing payment is relevant, with Rs. 5 lakh plus 18% GST for initiatives starting from 50 MW to 90 MW and Rs. 15 lakh plus 18% GST for initiatives of 100 MW and above.
To make sure dedication, builders should present an Earnest Cash Deposit (EMD) of INR 12,64,000 per MW per Undertaking within the type of a Financial institution Assure together with their RfS response. The bid submission deadlines are set for January 10, 2024, for mushy copies and January 12, 2024, for exhausting copies, with the bid open date scheduled for January 15, 2024.
This initiative aligns with India’s ongoing efforts to reinforce its clear vitality infrastructure and scale back reliance on conventional energy sources, contributing to the nation’s sustainable growth targets. The SECI-Tranche-XVI mission signifies a big step ahead in harnessing wind energy for a greener and extra energy-efficient future.