The Solar Energy Corporation of India has announced yet another tender for one of the largest solar power parks in the country.
According to media reports, the Solar Energy Corporation of India recently issued a tender for allocation of 650 MW solar PV power capacity at a solar power park in the southern state of Andhra Pradesh. The auction is part of the 5 GW batch IV phase II of the National Solar Mission that aims to set up 5 GW of solar power capacity through viability gap funding.
The capacity shall be allocated at the Kadapa solar power park which will have an operational capacity of 1 GW once fully commissioned. The solar power park is one of four in the state approved by SECI. A total of 3 GW solar power parks will be commissioned in the state.
The capacity will be allocated through competitive auction of capital cost support required by the project developers. Of the total 650 MW capacity, developers will be free to choose between imported or domestic modules for 500 MW capacity while for the balance 150 MW capacity developers shall be mandated to use Indian-made modules.
SECI shall sign power purchase agreements with all developers at a fixed tariff of Rs 4.43/kWh for a period of 25 years. SECI will, in turn, sign power sale agreements with various state utilities to sell power at Rs 4.50/kWh.
Earlier this year, NTPC, the largest power generation company in India, floated 250 MW tender for the solar power park.