The Chennai Metro Rail Limited (CMRL) seeks to procure 90 million units/annum of solar or solar-wind hybrid power, or 72 million units/annum of wind power through tariff-based competitive bidding. Tariff ceiling is fixed at Rs 3.50/KWh for 25 years. The last date for submission of bids is February 13, 2020.
CMRL has invited bids from power generators with plants in Tamil Nadu for supply of power under group captive mode. The project will be awarded through a tariff-based competitive bidding process. CMRL will enter into a power purchase agreement (PPA) with the successful bidder for a period of 25 years, with maximum tariff payable fixed at Rs 3.50/KWh for 25 years.
Developers must bid for the entire capacity of the chosen generation source, according to a news report. They can choose to supply the entire quantum from more than one location provided they quote a single tariff for the entire capacity.
Eligible bidders should have a net worth of minimum Rs 500 million as on the last date of FY 2018-19. In case of bids submitted for different generation sources, the bidder must meet net worth requirement for the total capacity being offered. Further, it should have a minimum annual turnover of Rs 250 million of the quoted capacity during FY 2018-19.
The developer should have a minimum three years of experience in solar or wind power generation and should have built, owned and operated a minimum 100 MW of grid-connected solar and/or wind power plant capacity, connected at 11 KV or above. The project must be commissioned within six months from the date of signing of PPA.
The declared annual capacity utilization factor (CUF) should be minimum 19% for solar PV projects and 29% for wind projects. The developers must maintain generation so as to achieve annual CUF within + 10% and -10% of the declared value till the end of PPA for 25 years.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
