Solar Energy Corporation of India Ltd (SECI) has announced the financial results for its tender of 1.95 MW Solar PV Power Plant with 2.15 MWh battery storage systems at the Union Territory of Lakshadweep. SunSource Energy won the tender with the least bid of ₹ 23.5 crore.
It was earlier mentioned in the notice-inviting-tender document that the entire project will be allocated to a single bidder based on the price bid for the cumulative capacity. SunSource Energy was recognized as the lowest bidder with a bid price of ₹23.5 crore after the financial evaluation of the price bids received by SECI for the tender.
Solar Energy Corporation of India floated this project in September 2019, for the development of 1.95 MW of solar projects with 2.15 MWh of battery energy storage systems (BESS).
Scope of work for this tender includes design, engineering, supply, construction, assembly, testing and commissioning of cumulative 1.95 MW (AC) solar PV power plants with 2.15 MWh BESS having 10 years plant operating and maintenance at four different islands of the Lakshadweep UT in India.
The four islands on which the project will be developed in Lakshadweep are Agatti, Kavaratti, BangaRam and Thinnakara. The Lakshadweep solar + storage project is expected to significantly reduce the diesel consumption of these islands. Alongside it will lower the existing electricity costs while offsetting millions of kilograms of CO2 emission over its lifetime by providing clean and reliable energy. The commissioning timeline for this project is twelve months from the date of signing the Letter of Award (LOA).
Remarking on this occasion, Adarsh Das, CEO and co-founder, SunSource Energy said, “Our island power-projects at Lakshadweep for SECI are an instance of the direction in which the power sector is headed: away from fossil fuels, towards grid modernization through energy storage and intelligent grids and mini-grids. We are happy to work with the island, the Joint Electricity Regulatory Commission and Solar Energy Corporation of India, to help develop and build these projects.”
Kushagra Nandan, President and co-founder, SunSource Energy added, "Our track record of adapting the latest viable technologies to our solar plants enabled us to develop one of India’s first private solar + storage projects for a school in Uttar Pradesh way back in 2013. We understand that storage will play a key part in powering India’s growth ambitions and are glad to have contributed to the Hon’ble Prime Minister’s clean energy targets with our efforts over the last decade."
Image credit- Sunsource
