In sync with it’s plans to tap India’s huge solar potential in Leh & Ladakh, SECI has issued an RfS for setting up of 14 MW solar power plants with 42 MWh Battery Energy Storage Systems in Leh and Kargil.
The buying entity of the power is Power Development Department Ladakh (PDD Ladakh). PDD will sign a Power Purchase Agreement (PPA) with the selected bidder for purchase of solar power for a period of 25 years as per the terms, conditions and provisions of the RfS. The maximum levelized tariff payable to the Project Developer is fixed at INR 2/ kWh for 25 years. This shall be inclusive of all statutory taxes, duties, levies, cess applicable as on the last date of bid submission.
The project will consist of two 7 MW / 21 MWH each at Leh and Kargil. The land for setting up of solar projects with battery storage will be facilitated and made available to the SPD by Ladakh Renewable Energy Development Agency (LREDA) and Kargil Renewable Energy Development Agency (KREDA) separately, given under “Right-to-Use” to the SPD.
The projects will be developed at Leh and Kargil as 7 MW/ 21 MWh projects each under the Prime Minister Development Package (PMDP).
The proposals have been invited for setting up the solar projects on a “Build Own Operate” basis. The SPD shall be given a Viability Gap Funding (VGF) by SECI. The upper limit for VGF to be quoted by a bidder is kept at INR 13 Crore for 1 MW Solar PV Power Project with Battery Storage of 3 MWh.