SECI seeks developers for 1.2 GW firm and dispatchable renewable project
SECI has invited bids for renewable projects offering an assured peak supply of 1,200 MW/4,800 MWh over four hours under the FDRE-X scheme. The ISTS-connected projects will use a build-own-operate model and must include energy storage, with solar, wind or other eligible sources allowed. The bid deadline is October 29, 2026, and selected developers will sign 25-year PPAs, with supply scheduled to begin 18 months after the PPA takes effect.
SECI's FDRE-X solicitation covers ISTS-linked renewable projects that must pair generation with storage and deliver 1,200 MW for four hours, equivalent to 4,800 MWh. Developers would own, build and operate assets, secure land, grid access and approvals, and connect up to the relevant transmission point. Solar, wind or other qualifying sources may be combined.
Bids are due October 29, 2026. A single bid can range from 50 MW to 600 MW. Winners would sign 25-year PPAs, with full supply due 18 months after the agreement takes effect. Fees include Rs 50,000 plus GST for documents and Rs 20,000 per MW processing; deposits and net-worth tests vary by solar, wind/other renewable and storage capacity.
This tender could expand India's storage-backed renewable capacity, potentially improving grid reliability during peak hours. Developers, equipment suppliers, financiers and transmission firms may see new opportunities, while consumers might benefit if added supply helps manage power costs and emissions. Land use, local grid upgrades and storage costs may also shape outcomes for communities near project sites. The 25-year contracts could give investors long-term visibility, though execution risks remain.