SECI cancels 950 MW solar tenders in India

photonJuly 20, 2017140

The Solar Energy Corporation of India (SECI) has cancelled solar tenders aggregating 950 MW. The cancelled capacities, amongst others, include projects tendered in the Kadapa and Pavagada Solar Parks under JNNSM Phase-II, Batch IV, says consultancy Mercom Capital Group. »Steeply declining solar tariffs may have led to the cancellation of the entire tendered capacity of 950 MW.« A SECI official told Mercom, the tenders have been cancelled for now, but the SECI plans to re-tender and is in negotiation with states on tariffs.

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