SECI to hold pre-bid meeting with potential solar investors on Dec 6

New Delhi, Nov 23 (KNN) In an attempt to attract USD 2.4 billion, Solar Energy Corporation of India Limited (SECI) has arranged a pre-bid meeting with potential investors on December 6, 2022 and by January 9, 2023 the bids can be submitted online.

As per the agency documents, the central PSU is looking for bids from solar manufacturers for 195 billion rupees of financial incentives.

With an aim to meet its own requirements and serve export markets, the Indian government is seeking to grow the country’s module-making capacity to as much as 90 gigawatts.

In a previous round of solar manufacturing incentives, giants such as Reliance Industries Ltd. and Adani Group were winners.

According to the bid documents they are eligible to apply again for building additional capacity.

The financial assistance is part of Prime Minister Narendra Modi’s plan to turn the nation into a manufacturing powerhouse, creating jobs and reducing imports.

In the wake of the pandemic and in the middle of a global push to diversify supply chains, the focus on local production also helps India position itself as an alternative to China.

SECI will give priority to firms that commit to setting up fully integrated manufacturing units, from polysilicon to modules.  (KNN Bureau)