RFS of Solar Power Developer for setting up of Grid-Connected RSPVP on buildings of Rashtrapati Bhavan under RESCO Mode (RTSPV-Tranche-III) – EQ
Summary:
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## **1. Strong Participation & Competition**
A total of **36 bidders** participated in the techno-commercial bid stage, reflecting strong industry confidence in high-visibility government rooftop solar projects. Major solar companies, EPC players, and renewable startups submitted bids.
## **2. Financial Bid Outcome**
The **financial bid opening was held on 25.11.2025**, where shortlisted bidders submitted their tariff quotations. The tariffs varied widely, from competitive market-aligned rates to one outlier.
* **Lowest Tariff (L1): INR 2.70/kWh**
Submitted by **GRE Renew Enertech Limited**, making it the most competitive bidder.
* The majority of competitive bids fell between **INR 2.95 – 3.50 per kWh**, indicating healthy pricing pressure among developers.
* The highest quoted tariff was **INR 4.98/kWh** by Sehra Engineering.
* One bidder, SunShell Power Ventures Private Limited, quoted an anomalous **INR 479.00/kWh**, clearly non-competitive.
## **3. Notable Bidders & Their Tariffs**
Examples from the tariff list include:
* Ganesh Green Bharat Limited — **INR 2.95/kWh**
* Horizon Luminous Limited — **INR 2.98/kWh**
* Nexgen Digital Infrastructures Pvt. Ltd. — **INR 3.05/kWh**
* Sesola Power Projects Pvt. Ltd. — **INR 3.30/kWh**
* Sugs Lloyd Limited — **INR 3.49/kWh**
* Swelect Energy Systems — **INR 3.76/kWh**
* Lanco Solar Energy Pvt. Ltd. — **INR 4.19/kWh**
These tariffs demonstrate a competitive rooftop solar RESCO market, with aggressive pricing by established players.
## **4. Implications for the Project**
* The project supports India’s goal of expanding clean energy adoption at key national institutions.
* The competitive tariffs—especially the L1 rate of **INR 2.70/kWh**—indicate decreasing rooftop solar generation costs for government clients.
* The project will help reduce the electricity expenditure of Rashtrapati Bhavan and contribute to national sustainability targets.
## **5. Market Insights**
* High participation suggests strong industry trust in SECI’s bidding framework.
* Most tariffs align with current rooftop solar cost benchmarks for large government buildings.
* The presence of many well-known companies highlights the project’s importance and prestige.
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