SECI issue Tender for RfS for assured Peak Supply of 1500 MWh (500 MW x 3 Hrs.) under CfD Mechanism from ISTS-Connected RE Projects (SECI-CfD-I) – EQ

Summary:

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## Key Business & Financial Parameters

| Parameter | Details |
|———–|———|
| **Total Capacity Offered** | 500 MW (1500 MWh/day) |
| **Minimum Bid Capacity** | 50 MW |
| **Maximum Bid Capacity per Bidder** | 125 MW (including parent/affiliates/group companies) |
| **CfD Agreement Term** | 12 years from Scheduled Commissioning Date (SCD) |
| **RfS Document Cost** | INR 50,000 + GST (non-refundable) |
| **Bid Processing Fee** | INR 20,000 per MW + GST (max INR 20 Lakhs + GST) |
| **Earnest Money Deposit (EMD)** | Calculated based on capacity mix (Solar: ₹9.68L/MW, Wind/Other RE: ₹13.68L/MW, ESS: ₹2.40L/MWh) – via Bank Guarantee / POI / Insurance Surety Bond |
| **Performance Bank Guarantee (PBG)** | Similar formula (Solar: ₹24.20L/MW, Wind/Other RE: ₹34.20L/MW, ESS: ₹6.00L/MWh) – due within 20 days of LoA |
| **Success Charges** | INR 1,00,000 per MW + taxes – payable within 20 days of LoA |
| **Maximum Tariff Ceiling** | INR 6.10/kWh (quoted up to two decimal places) |
| **Bidding System** | Single-stage, two-envelope (Techno-commercial + Financial) followed by e-Reverse Auction |
| **Pre-bid Meeting** | Date on ISN-ETS portal |
| **Bid Validity** | 12 months from last submission date |

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## Scope of Work & Project Requirements

### Developer Responsibilities
– Set up **ISTS-connected RE project** (solar, wind, other RE, with or without ESS) – **technology agnostic**
– Identify land, obtain connectivity, approvals, and transmission up to **interconnection point (220 kV or above)**
– Sell **3000 kWh per MW of contracted capacity daily** during **peak hours (18:00–24:00)** through **GDAM → DAM → RTM** sequence
– Schedule power, bear all transmission/wheeling/SLDC charges, losses, and transaction fees
– Comply with **GNA Regulations**, **Grid Code**, **ALMM** (for solar modules & cells), **RLMM** (for wind turbines), and **CEA technical standards**

### SECI Role
– Operate the **CfD Pool** and settle differences between **Market Clearing Price (MCP)** and **Strike Price**
– **Profit/Loss sharing**: 30:70 ratio daily (30% to RPD, 70% to CfD Pool) – reconciled monthly
– REC revenue generated must be **deposited into CfD Pool**

### Energy Sourcing Flexibility
– RPD can source **up to 25% of annual RE power** from **green market / bilateral agreements** (including via ESS discharge)

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## Eligibility Criteria (Business Critical)

### General Eligibility
– Bidder must be a **Company** (under Companies Act, 2013) – **No proprietorships, partnerships, trusts, LLPs, or NGOs**
– **Consortium allowed** – Lead Member must have **≥51% shareholding**; every member must have **non-zero equity**
– **Foreign companies** can participate standalone but must form an **Indian SPV with ≥51% shareholding** before CfDA signing
– **Land border restriction** (OM dated 23.02.2023): Bidders from countries sharing land border with India must be **registered with Competent Authority**

### Technical Eligibility (Experience)
Bidder (or Lead Member) must have commissioned in last 7 years:
– **One project ≥ 4X MW** (where X = quoted capacity) **OR**
– **Two projects ≥ X/2 MW each** **OR**
– **Three projects ≥ 2X/5 MW each**
*(Domestic + global experience considered)*

### Financial Eligibility

| Parameter | Requirement (per MW of quoted capacity) |
|———–|——————————————-|
| **Net Worth** | Solar: ₹96.80L/MW; Wind/Other RE: ₹136.80L/MW; ESS: ₹24.00L/MWh |
| **Liquidity (any one)** | • Annual Turnover: ₹66.84L/MW **OR**<br>• PBDIT: ₹13.37L/MW **OR**<br>• In-principle Line of Credit: ₹16.71L/MW |

– Net worth / turnover / PBDIT as on **FY 2024-25 or 2025-26** (or 7 days prior to bid submission)
– **Affiliate support allowed** – with board resolution committing equity & PBG support
– For Consortium: **aggregate financials** of members

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## Key Milestones & Penalties

| Milestone | Timeline | Penalty for Delay |
|———–|———-|——————-|
| **Effective Date of CfDA** | 30th day from LoA | – |
| **Financial Closure** | 6 months from LoA | Extension possible @ ₹100/MW/day + GST; else PBG encashed & CfDA may be terminated |
| **Scheduled Commissioning Date (SCD)** | 12 months from Effective Date | PBG encashed pro-rata for delayed capacity |
| **Max allowable delay** | 3 months beyond SCD | Balance capacity cancelled; PBG encashed |
| **Early Commissioning** | Permitted anytime before SCD | Benefit of longer CfDA period |
| **PBG submission** | 20 days from LoA | Delay charges @ ₹1000/MW/day + GST |
| **Success Charges payment** | 20 days from LoA | Same delay charges; CfDA signed only after payment |

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## Document Submission – Critical Compliance

### Online (on ISN-ETS portal)
– Cover 1: All formats (7.1 to 7.10), attachments, EMD scanned copy, NEFT/RTGS receipts, etc.
– Cover 2: Format 7.11 (covering letter) + 7.12 (preliminary cost estimate)
– **Electronic Form** for tariff must be filled exactly

### Offline (physical submission within 2 working days of bid deadline)
– **Original Bank Guarantee / POI / Surety Bond** for EMD
– **Pass-phrases** for decrypting bids (in sealed envelope)

> ⚠️ **Failure to submit physical EMD instrument within 2 days** → bid cancelled, fees forfeited.

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