SECI Issues RfS for Karnataka’s 2500 MW Ultra Mega Renewable Power Park

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Solar Energy Corporation of India (SECI) issues Request for Selection (RfS) for setting up of 2500 MW ISTS-connected Solar PV Power Projects at Ultra Mega Renewable Power Park (UMREPP) in Koppal District, Karnataka (ISTS-X) under tariff-based competitive bidding has been issued under the Standard Bidding Guidelines.

Project Site has been tentatively identified in Talakal and surrounding villages of the Koppal District in Karnataka. The document stated that details of the Solar Park will be intimated in due course and The contract will be for 25-year.

A pre-bid meeting will be held on 5th May 2020 at 2:30 PM and the Last date of bid submission is 29th May 2020 at 6:00 PM. For this project, a Single Stage Two Envelope Bidding Procedure will be adopted. The date and time of the e-RA shall be intimated through email.

Along with the bids, bidders are also required to submit Earnest Money Deposit (EMD) of INR 4 Lakh/ MW per Project in the form of Bank Guarantee which should be valid for 09 months from the last date of bid submission. Tender fee of Rs. 29,500/- including GST should also be submitted either through NEFT/ RTGS transfer. Bidders are also required to submit a document fee of Rs. 5 Lakh +18% GST for each Project from 50 MW up to 90 MW capacity, Rs. 15 Lakh + 18% GST for each Project from 100 MW and above capacity. Selected bidders shall be required to submit Performance Guarantee for a value INR 08 Lakh/ MW within 70 days of issuance of Letter of Award (LoA) or before signing of PPA, whichever is earlier. Performance Guarantee should be valid for 24 months from the Effective Date of the PPA

The bidders will be selected for the development of the project on the “Build Own Operate” (BOO) basis under the scheme and the projects shall achieve Financial Closure within 09 (Nine) months from the Effective Date of the Power Purchase Agreement (PPA). 

Eligibility criteria for the bidders are consortium shortlisted and selected based on this RfS has to necessarily form a project company and get it registered under the Companies Act, 2013 before the signing of PPA, keeping the original shareholding of the bidding consortium unchanged. If multiple projects have been made by a consortium, separate project companies can be formed for each project. A foreign company can also participate on a standalone basis or as a member of the consortium at the RFS stage. In case a Foreign Company is selected as the successful bidder, it shall comply with all the laws and provisions related to Foreign Direct Investment in India. Limited Liability Partnership (LLPs) are not eligible for participating in this bid.

To participate in this bid, Net Worth of the Bidder should be equal to or greater than INR 80 Lakhs per MW of the quoted capacity, as on the last date of the previous Financial Year.

Bidder should also have a minimum annual turnover of INR 41.45 Lakhs/MW of the quoted capacity during the previous financial year or Internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT) for a minimum amount of INR 8.30 Lakhs/ MW of the quoted capacity, as on the last date of the previous financial year, 2018-19, or a Line of Credit for a minimum amount of INR 10.36 Lakhs/ MW of the quoted capacity.

Solar PV Power projects are required to be designed for inter-connection at the PSS substation at a voltage level of 66 kV or above. For each Project, the minimum Project capacity shall be 50 MW. The maximum capacity that can be allocated to a Bidder shall be limited to 2500 MW. The Selected Bidder shall have to pay INR 1.00 Lakh/ MW/ Project + 18% GST to SECI towards administrative overheads, coordination with State Authorities and other expenses. 

The document also highlighted that declared annual CUF shall not be less than 17%.SPD shall maintain generation to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from COD, subject to the annual CUF remaining minimum of 15%, and within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years. The lower limit will, however, be relaxable by SECI to the extent of the non-availability of the grid for evacuation which is beyond the control of the SPD.

The document states that Crystalline Silicon or Thin Film or CPV, with or without Trackers can be installed. Only commercially established and operational technologies can be used, minimize the technology risk and achieve the timely commissioning of the Projects. Already commissioned projects cannot be considered under this RfS. Projects under construction or projects which are not yet commissioned will, however, be considered, in case these projects are not already accepted under any other Central or State Schemes. The document also states that enhancement and augmentation of already commissioned Projects, irrespective of their capacities will not be considered as eligible projects under this scheme.

The Solar Energy Corporation of India (SECI) has issued a tender, inviting bids from eligible firms for installing 15 MW floating solar PV power plant for different sites at the Singareni Collieries Company Limited (SCCL) in Telangana. The project is divided into 2 sites: Site 1 is STPP Storage Reservoir for the capacity of 10 MW and site 2 is Dorli OC -2 Void, SSCL for the capacity of 5 MW. The last date for bid submission is 4 May 2020 till 1400 Hours, and the techno-commercial bids will be opened on the same date at 1600 Hours. A pre-bid meeting is scheduled for 20 April 2020. 

Recently, SECI has issued Notice Inviting Tender (NIT) for setting up 1200 MW Inter-State Transmission System(ISTS)-connected RE Projects with assured Peak Power supply in India, through a global tariff-based competitive bidding process.

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