SECI Invites Power Developers For 5000 MW RTC RE + Coal Project Bid

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Solar Energy Corporation of India Ltd (SECI) has floated a tender of 5000 MW of Round-the-Clock (RTC) Power from Grid-Connected Renewable Energy (RE) Power Projects, complemented with Power from Coal based Thermal Power Projects in India under Tariff-based Competitive Bidding (RTC-II) for Selection of RE Power Developers.

Developers should work for Land, Connectivity and Long Term Open Access of the project. The Projects can be located anywhere in India and for better grid balancing, different components of RTC power i.e. solar, wind, small hydro, and thermal can be connected with the CTU network at multiple injection points, but within the same RLDC region.

Selection of RE Power Projects for a total capacity of 5000 MW will be carried out through e-bidding followed by the e-Reverse Auction process. The Projects may be set up anywhere in India. Interested Bidders are required to participate in the Request for Selection (RfS) for the installation of ISTS-Connected RE Power Projects on Build-Own-Operate (B-O-O) basis under the scheme. RE Projects are required to be designed for inter-connection with the ISTS substation at a voltage level of 220kV or above.

 The last date for the submission of bids is 4 May 2020. The Date and time of E-RA (e-Reverse Auction) shall be intimated through email. A Pre-Bid Meeting shall be held on 07.04.2020 (14:30 hrs) at the office of SECI.

The minimum and maximum Project capacity for each project shall be 500 MW and 5000 MW respectively. Earnest Money Deposit (EMD) of INR 5 Lakh/ MW per Project in the form of Bank Guarantee shall be submitted by the Bidder along with their bid. Bank Guarantee should be valid for 09 months from the last date of bid submission. The Net Worth of bidder to participate should be equal to or greater than INR 1.5 Crores per MW of the quoted capacity, as on the last date of previous Financial Year.

Bidders selected by SECI based on this RfS shall submit Performance Guarantee for value @ INR 10 Lakh/ MW/Project within 70 days of issuance of Letter of Award (LoA) or before signing of PPA. Successful Bidders shall submit the Performance Guarantee with a validity period of 9 months after the Scheduled Commissioning Date of the Project.

The Selected Bidder shall have to pay INR 1.00 Lakh/ MW/ Project + 18% GST as pre-commissioning and commissioning expenses. The payment has to be made by the RPD in the form of DD/ Pay Order/ NEFT/ RTGS within 30 days of issuance of LoA. Any delay will attract late payment charges @18% per annum+18% GST, levied on a per-day basis. Before the declaration of commissioning of the first part capacity of the Project, the RPD shall furnish a Payment Security Deposit (PSD) @Rs. 5 lakh/MW/Project. 

The RPDs are required to obtain necessary clearances and permits as required for setting up the RE Power Projects complemented with Thermal Power Projects, including but not limited to the following: a. No Objection (NOC)/Environmental clearance (if applicable) for the Project. b. Forest Clearance (if applicable) for the land for the Project. c. Approval for Water from the concerned authority (if applicable) required for the Project. d. In the case of Projects being set up in the States of Gujarat & Rajasthan, the RPD shall abide by MNRE’s Guidelines on “Retrofitting of transmission lines and wind turbines to avoid bird collision in Great Indian Bustard (GIB) habitats of Rajasthan & Gujarat,e. Any other clearances as may be legally required, to establish and operate the Project. f. No objection certificate (NOC) from the Ministry of Defence (if applicable). 

For a project size not more than (and including) 500 MW, the projects shall achieve Financial Closure within 12 (twelve) months from the Effective Date of the PPA, For a project size more than 500 MW but not more than (and including) 1000 MW, the projects shall achieve Financial Closure within 18 (eighteen) months from the Effective Date of the PPA. For a project size more than 1000 MW, the projects shall achieve Financial Closure within 24 (twenty-four) months from the Effective Date of the PPA.

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