SECI invites Request of Proposal to set up 1000 Pumped Storage Plants in India

New Delhi: Navratna PSU, Solar Energy Corporation of India Ltd (SECI) has invited proposals for setting up of ISTS-connected Projects of Pumped Storage Plants (PSPs), for an aggregate storage capacity of 8000 MWh (1000 MW x 8 hrs) to utilize PSP, on an “On-Demand” basis.

The PSU shall enter into a Power Purchase Agreement (PPA) with the Successful Bidders selected based on this RfS, for providing Energy Storage facility to Buying Entities as per the terms, conditions and provisions of the RfS and PPA.
 

The Pumped Storage Plant Developers selected by SECI based on this RfS, shall set up the PSP(s) on Build Own Operate (BOO) basis in accordance with the provisions of this RfS document and standard PPA.

Under this RfS, the Pumped Storage Plant Developer (PSPD) shall be required to set up a Pumped Storage Plant (PSP), with the primary objective of making the energy storage facility available to the Buying Entities for charging/discharging of the PSP, on demand basis.

The Selection of PSP Projects for a total capacity of 1000 MW/8000 MWh (1000 MW x 8 hours) will be carried out through e-bidding followed by e-Reverse Auction process.

The Scheduled Commencement of Supply Date (SCSD) for supply of storage capacity of the full Project capacity shall be the date as on 24 months from the Effective Date of PPA. The EMD amount of Rs 11.10 lakh should be submitted by the bidder.

The bid submission online date is 09-02-2026 and the Pre-Bid Meeting is on 12-01-2026 and the bid submission offline date is 11-02-2026. The Bid open date is 12-02-2026.