September 3 (Solar) – India has changed the terms of a power purchase agreement (PPA)-linked solar manufacturing tender, reducing the production capacity sought to 3 GW from 5 GW, according to an amendment published on Friday by the Solar Energy Corporation of India (SECI).
In May this year, SECI issued a tender for the establishment of 5 GW of solar manufacturing capacity linked to 10 GW of Interstate Transmission System (ISTS)-connected solar photovoltaic (PV) projects.
The government entity is now looking to select 10 GW of ISTS-connected PV power plants linked to annual manufacturing capacity of 3 GW. Bidders can bid for blocks of 2 GW of solar projects associated with 600 MW of manufacturing capacity. The developers will get power purchase agreements (PPAs) with SECI for the solar projects and the maximum price that can be offered is INR 2.75 (USD 0.039/EUR 0.033) per kWh, compared to INR 2.93 per kWh in the original document.
A second pre-bid meeting has been scheduled for September 6, SECI said.
(INR 100 = USD 1.411/EUR 1.215)