-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Indian solar company SECI has amended the requirements for the fourth round of federal wind power tenders to encourage more companies to participate and support the development of
the domestic renewable energy industry.
First, SECI modified the Original Request for Requests (RfS) document so that project developers willing to participate in the tender could submit various fees
electronically in addition to paper submissions.
This is very beneficial
for companies located near the SECI offices in the National Capital Region of Delhi, as well as foreign companies planning to participate in the tender.
Second, SECI has also diluted the requirements
of some foreign companies to file audit financial documents.
This will be a major opportunity for foreign companies looking to participate in the tender, while also attracting more international companies to enter India's wind energy market
.
This is also important as India plans to open up its offshore wind market soon, and Indian companies have no experience and may partner
with international companies.
There is also good news
for developers who have already successfully won bids if they miss the planned date for the project.
According to the original RfS document, during the commissioning of the project, if the developer will delay for more than six months, the tax rate must be reduced by 0.
50 rupees/kWh (0.
77 cents/kWh) per day as a "penalty"
.
However, this standard has now been lowered by 70 per cent to 0.
15 rupees/kWh (0.
23 cents/kWh).
In addition, project developers will find several other provisions beneficial with slight modifications
.
This includes provisions for
the sale of excess electricity generated by the project to third-party buyers.
Similar provisions were included in the REWA solar park tender and are seen as a milestone
in the Indian solar market.
SECI plans to periodically tender for several gigawatts of capacity in the coming months in order to achieve its goal
of increasing installed capacity to 60 GW by March 2022.
A third round of federal-level tenders held last month would stabilize tariffs at 2.
44 rupees/kWh (3.
8 cents/kWh), which remains the lowest cost
of wind power in India.
Indian solar company SECI has amended the requirements for the fourth round of federal wind power tenders to encourage more companies to participate and support the development of
the domestic renewable energy industry.
First, SECI modified the Original Request for Requests (RfS) document so that project developers willing to participate in the tender could submit various fees
electronically in addition to paper submissions.
This is very beneficial
for companies located near the SECI offices in the National Capital Region of Delhi, as well as foreign companies planning to participate in the tender.
Second, SECI has also diluted the requirements
of some foreign companies to file audit financial documents.
This will be a major opportunity for foreign companies looking to participate in the tender, while also attracting more international companies to enter India's wind energy market
.
This is also important as India plans to open up its offshore wind market soon, and Indian companies have no experience and may partner
with international companies.
There is also good news
for developers who have already successfully won bids if they miss the planned date for the project.
According to the original RfS document, during the commissioning of the project, if the developer will delay for more than six months, the tax rate must be reduced by 0.
50 rupees/kWh (0.
77 cents/kWh) per day as a "penalty"
.
However, this standard has now been lowered by 70 per cent to 0.
15 rupees/kWh (0.
23 cents/kWh).
In addition, project developers will find several other provisions beneficial with slight modifications
.
This includes provisions for
the sale of excess electricity generated by the project to third-party buyers.
Similar provisions were included in the REWA solar park tender and are seen as a milestone
in the Indian solar market.
SECI plans to periodically tender for several gigawatts of capacity in the coming months in order to achieve its goal
of increasing installed capacity to 60 GW by March 2022.
A third round of federal-level tenders held last month would stabilize tariffs at 2.
44 rupees/kWh (3.
8 cents/kWh), which remains the lowest cost
of wind power in India.
