logo
SECI extends bid deadline for green ammonia tender

SECI extends bid deadline for green ammonia tender

Time of India4 days ago

The Solar Energy Corporation of India Limited (
SECI
), a
Navratna Central Public Sector Enterprise
operating under the Ministry of New and Renewable Energy, has announced an extension for the
bid submission deadline
of its tender for the production and supply of green ammonia.
As per an official press release, the new deadline for bid submissions is June 30, 2025.
Initially issued on June 7, 2024, this tender is a crucial component of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Its primary objective is to facilitate the annual production and long-term supply of 724,000 metric tonnes of green ammonia to 13 designated fertiliser plants across India.
As the implementing agency, SECI will play a pivotal role in aggregating demand and establishing long-term offtake agreements with the chosen green ammonia producers.
These agreements are designed to provide commercial certainty for a duration of 10 years, thereby fostering market development for green hydrogen derivatives in the country.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

One nation, one tariff: What the Centre is planning to light up clean power
One nation, one tariff: What the Centre is planning to light up clean power

Mint

timea day ago

  • Mint

One nation, one tariff: What the Centre is planning to light up clean power

New Delhi: The central government will hold talks with stakeholders to push the adoption of uniform tariffs for renewable energy, two people aware of the development said. Uniform renewable energy tariffs or URETs were first proposed by the Centre in October 2023, but haven't been implemented yet as power is a concurrent subject and would require states to come on board. The development assumes significance in the backdrop of delays in signing of agreements between power developers, procurement agencies and distribution companies (discoms), which has held back procurement of clean power, especially solar, by discoms even as its installed base has continued to grow. Currently, about 30 giga watt (GW) worth of PPAs are lying unsigned, according to the people cited above. This had reached a high of 55GW last November, per a report from JM Financial. 'Discoms have some reservations regarding URETs," said a government official, one of the two people mentioned above, requesting anonymity. 'The Centre would hold stakeholder consultations soon to understand what exactly is their apprehension and what kind of changes and clarifications are required. After this, we would see more PPAs (power purchase agreements) being signed." Renewable power developers sign PPAs with procurers such as Solar Energy Corp. of India (SECI), NTPC Ltd, NHPC Ltd, or Satluj Jal Vidyut Nigam Limited. These power buyers then sign power sale agreements (PSAs) with distribution companies or discoms to take the power to industry and homes. Delays in signing agreements could make power from older projects unattractive, as newer ones with lower tariffs keep coming online. Some options being considered by the Centre include getting prior commitments from states, which own the discoms, for PSAs before coming up with new bids, and halting new bids before a certain number of unsigned PPAs are signed. This is how the URET would work. Grid Corporation of India Ltd, which would be the implementing agency for the mechanism, will set a uniform pooled tariff for power from central pools, which would be revised from time to time based on discovered tariffs from auctions. Then, intermediaries such as Solar Energy Corporation of India (SECI) and others will sell power from the central pool to all end procurers including discoms at the uniform tariff. An official with a discom said on condition of anonymity that tariffs from several projects would be pooled to come up with a uniform tariff that would be revised from time to time with tariffs discovered for new projects. But if tariffs for new projects are higher than the current uniform tariff, that would lift the uniform tariff as a whole. This in turn will increase cost for discoms even for ongoing power supply under older PPAs, the official said, adding that 'the visibility of tariffs is an issue". Queries emailed to the spokespersons of MNRE and SECI remained unanswered till press time. The delay in signing PPAs comes at a time when the Centre has set a target for installing 50GW of green power every year till 2027-28. On 15 August last year, Prime Minister Narendra Modi reiterated India's ambitious goal to achieve 500GW of non-fossil-based energy capacity by 2030. The Centre wants states to sign PPAs as it would also help them in meeting renewable power obligations (RPOs), which if not complied with, will attract penalties for discoms. Renewable power obligation (RPO) or renewable consumption Obligation (RCO) is a mechanism notified under the Energy Conservation (Amendment) Act, 2022 by which the designated consumers, largely discoms, are obliged to consume a certain percentage of electricity from eligible non-fossil sources, as a percentage of their total consumption of electricity. Vikram V., vice president & co-group head for corporate ratings at Icra Ltd said demand, grid connectivity and cost are key factors for signing PPAs. 'Implementation of uniform tariffs is expected to discourage discoms from postponing signing of PPAs in expectation of fall in tariffs, thereby taking care of the cost factor," he said. Mint earlier reported about India's depressed green energy price scenario weighing down the country's installed and pipeline renewable merchant power capacity of around 3GW, which has entailed investments of around ₹15,000 crore. The development assumes significance given that solar power has been the mainstay of India's green energy transition trajectory. India has an installed renewable energy capacity (including large hydro capacity) of 271.5GW, of which solar power accounts for 110.9GW. For perspective, the country's total installed energy capacity including fossil sources is 472.46GW.

Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries

Economic Times

time2 days ago

  • Economic Times

Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries

Shares of Honasa Consumer, the parent company of Mamaearth, are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's (NCLT) order approving its amalgamation scheme involving two group entities. ADVERTISEMENT As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer. 'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange. The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? ADVERTISEMENT Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE. ADVERTISEMENT Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

SECI extends bid deadline for 7.24 lakh MT green ammonia supply to June 30
SECI extends bid deadline for 7.24 lakh MT green ammonia supply to June 30

Time of India

time3 days ago

  • Time of India

SECI extends bid deadline for 7.24 lakh MT green ammonia supply to June 30

New Delhi: The Solar Energy Corporation of India Limited ( SECI ) has extended the deadline for submission of bids for its tender aimed at producing and supplying 7,24,000 metric tonnes of green ammonia annually to fertiliser plants across the country. The revised deadline is June 30, 2025. The tender was issued on June 7, 2024, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche I. SECI is functioning as the implementing agency for the scheme under the Ministry of New and Renewable Energy , Government of India. Under the scheme, SECI will aggregate demand from 13 identified fertiliser plants and enter into long-term offtake agreements with selected green ammonia producers. These agreements will be for a duration of 10 years. The tender is intended to support the production and market development of green hydrogen derivatives such as green ammonia through commercial assurance and long-term supply agreements.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store