State-owned Solar Energy Corporation of India on Monday said it has extended deadline to submit bids for 6 gigawatt solar projects till Sept. 11.
The techno-commercial bids for the 6 GW solar energy was scheduled to be opened on Monday. The auction was dragged as no bidders submitted bid.
“The last date of bid submission is hereby extended till Sept. 11 (11:00 hrs). The techno-commercial bid opening shall be carried out from 12:00 on Sept. 11” a SECI notice on its web portal said.
An industry source said no company submitted bids under the auction for the 6 GW manufacturing linked solar energy projects. The source also said the capping of tariff under the auction was one of main reason for no response by the industry.
According to the tender document, SECI had capped the tariff at Rs 2.75 per unit in the auction. The industry has been raising concerns about capping of tariff under the solar and wind power projects auctions, saying that government should leave it to market.
SECI had received similar response to its tenders for solar energy projects linked with manufacturing in the last fiscal as well. Under, this tender the developers would have to develop four projects of 1.5 GW each along with 0.5 GW solar equipment manufacturing capacities.
SECI is a nodal agency of the central government for auctioning renewable energy projects in the country. The auction of solar energy projects assumes significance in view of India's ambitious target of having 100 GW of solar energy capacity by 2022.
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