However, the finalisation of bids was delayed due to a pending litigation in the high court. The SECI offer comes at a time when the state government was contemplating to finalise the bids after getting the clearance from the high court. The state government has already identified the land to set up the mega solar parks. The SECI, however, wants the state government to purchase power from the plants to be launched by the agency. The government is expected to take a call on the issue soon.
In a letter to principal secretary (energy) N Srikanth, SECI complimented the innovative model promoted by the state government to utilize renewable energy to achieve sustainable agriculture growth while lowering the cost of cultivation by providing day-time power supply to farmers at competitive prices. “This indeed will go a long way in uplifting the living standards of farmers, without increasing financial burden on the state’s discoms,” it said.
SECI started auctioning manufacturing linked solar tender in November 2019 and tenders were finalised between December 2019 and June 2020. About 12gw of ISTS-connected solar projects were awarded in four tranches of 3gw each. Commercial operation of tranche I projects is expected by September 2023 and tranche II, III & IV in 2024, ’25 and ’26, respectively. SECI is gearing up to tie up with different power utilities to purchase energy generated from tranche I projects. It said it is in a position to offer 9,000 mw capacity under tranche II, III & IV-3000 MW each, to be set up by September 2024, September 2025 and September 2026, respectively.
The developers, who have been issued letter of award (LoA), have suo moto offered 9gw under tranche II, III & IV under this scheme at a tariff of Rs 2.49/kwh including SECl’s trading margin, considering reduction of solar tariff in recent tenders for solar projects conducted nationwide and considering the bulk capacity being offered.