SECI receives bids for 2,170 MW under the NSM

Solar Energy Corporation of India (SECI) opened bids for the allocation under batch one of phase two of the National Solar Mission (NSM). A total of 68 bids were received from 58 developers, covering 122 projects with a cumulative capacity of 2,170 MW. Of this, 36 projects with a capacity of 700 MW opted to bid under the Domestic Content Requirement (DCR) part of the bidding process and the remaining 86 projects with a capacity of 1,470 MW opted for the open bids. Each part will eventually be allocated an equal 375 MW.

With the DCR part of the bid being oversubscribed twice over and the non-DCR (open) part four times over, it is likely that the entire capacity of 750 MW will be converted into Letters of Interest (LoIs) by 10^th March 2014. The results of the financial bid are to be announced by 20^th February 2014.

Some of the prominent bids by capacity have been from developers such as Azure Power (200 MW), ACME (200 MW), Welspun (160 MW), IL&FS (150 MW), SunEdison (150 MW), ReNew Power (100 MW) and Essel Infra Projects (100 MW). Each developer can only be allocated a maximum capacity of 100 MW. Some of the prominent companies that have opted for the DCR part of the bids are TATA Power, Waaree, Moser Baer, SolaireDirect, SunEdison, ACME, Azure, IL&FS and Welspun. State owned power companies from Gujarat, Karnataka, Odisha and West Bengal have also bid for projects.

SECI is expected to announce the second round of bidding for 1,000 MW under phase two by May 2014.

Source : indiapowersector.com