The Solar Energy Corporation of
India will soon hold the first auctions under the phase 2 batch 3 of the
National Solar Mission.
According
to media reports, the Solar Energy Corporation of India
(SECI) will soon announce details of the auction of 500 MW capacity in
Maharashtra and 250 MW capacity in Gujarat. The projects will be auctioned
under the viability gap funding program. The projects would be among the first
utility-scale solar power projects to be implemented in Gujarat under a central
government solar power policy.
Prospective
project developers would be required to bid for the amount of capital cost
support required to set up every MW of solar power project. Developers that
place the lowest bids will be selected for project development.
The
SECI plans to hold auction for 2 GW of cumulative solar power capacity under
phase 2 batch 3 program. Auctions will be held following consultations with
states. Governments that are willing to provide land and other required
facilities to the projects shall be allocated a certain capacity.
Of the
2 GW capacity envisaged for implementation, 250 MW would be based on modules
manufactured locally in India. The maximum allowed bid for financial support is
₹1 crore (~US$154,000) for the open category (no restriction on use of imported
or domestic modules) and ₹1.21 (~US$186,000) crore for the domestic content
category.
Developers
will sell power at ₹5.43/kWh (US¢8.35/kWh) during the first year and the tariff
would increase by ₹0.05/kWh (US¢0.07/kWh) every year for the next 20 years.
Thus, the highest tariff of ₹6.43/kWh (US¢9.89/kWh) would be achieved in the
21st year.
Once
the SECI announces the name of selected project developers, they will have 14
months to commission the projects.
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