ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

SECI cancels tenders for Leh and Kargil solar projects
POWER & RENEWABLE ENERGY

SECI cancels tenders for Leh and Kargil solar projects

The Solar Energy Corporation of India Limited (SECI) has terminated the tender for the 7.5 GW grid-connected solar projects in Leh and Kargil.

SECI informed media sources that the Union Government decided to terminate the tender and clarified that the decision is not related to tariff bundling. The tender did not reach the auction stage.

The corporation added that a lot of ambiguity regarding the tender had developed, which required the developer to set up projects and a transmission network. Only a limited number of companies had the financial and technical ability to set up both the transmission systems and solar projects.

SECI added that as the two projects were being merged, the net worth requirement had also gone up substantially.

A new tender is expected to be released, exclusively for project development with the necessary changes in eligibility conditions.

Meanwhile, SECI has released a tender for a 20 MW solar power project with a 50 MWh battery energy storage system (BESS). The project will be set up in Phyang, located in Leh district of the union territory of Ladakh. Interested bidders are not required to pay an earnest money deposit to participate in the tender. Last date for bids submission is 10 February 2021.

Source: Mercom India

The Solar Energy Corporation of India Limited (SECI) has terminated the tender for the 7.5 GW grid-connected solar projects in Leh and Kargil. SECI informed media sources that the Union Government decided to terminate the tender and clarified that the decision is not related to tariff bundling. The tender did not reach the auction stage. The corporation added that a lot of ambiguity regarding the tender had developed, which required the developer to set up projects and a transmission network. Only a limited number of companies had the financial and technical ability to set up both the transmission systems and solar projects. SECI added that as the two projects were being merged, the net worth requirement had also gone up substantially. A new tender is expected to be released, exclusively for project development with the necessary changes in eligibility conditions. Meanwhile, SECI has released a tender for a 20 MW solar power project with a 50 MWh battery energy storage system (BESS). The project will be set up in Phyang, located in Leh district of the union territory of Ladakh. Interested bidders are not required to pay an earnest money deposit to participate in the tender. Last date for bids submission is 10 February 2021. Source: Mercom India Image Source

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Scoreâ„� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyleâ€�. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India â€� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loansâ€� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement