The Solar Energy Corporation of India (SECI) had issued a Request for Selection (RfS) on the 31st of January for setting up of 14 MW solar power plants with 42 MWh Battery Energy Storage Systems in Ladakh. Under the Prime Minister Development Package (PMDP), The projects will be developed at Leh and Kargil as 7 MW/ 21 MWh projects each.
Pre-Bid meeting was held on 17.02.2020 in this regard to address the concerns raised by the prospective bidders. It resulted in launching the Pre-Bid query format which is to be used by respective bidders for sending their queries.The format is available at the official website of SECI.
This project has been planned on the “Build Own Operate” basis and in line with the terms and conditions of this RfS the projects which are selected shall be given “Viability Gap Funding” (VGF). It is highlighted that the Bidder selected based on this RfS shall have to sign a VGF Securitisation Agreement (VGFSA) with SECI.The maximum VGF to be quoted by a bidder has been kept at Rs 13 crore for 1 MW solar PV power project with a battery storage of 3 MWh and the project will be awarded to the Bidder who has quoted the lowest VGF and The highest levelised tariff payable to the Project Developer is fixed at Rs 2/kWh for 25 years.
The last date for bid submission is March 16, 2019, and the techno-commercial bids will be opened on the same date. All bidders must submit an Earnest Money Deposit of Rs 1.96 crore along with their bids.