SECI Reschedules Pre Bid Meet of 2500 MW ISTS-connected Solar PV Projects at UMREPP in Karnataka

Solar Energy Corporation of India (SECI) has issued extension notice in regards to RfS for setting up of 2500 MW ISTS-connected Solar PV Projects at Ultra Mega Renewable Power Park (UMREPP) in Koppal District, Karnataka (ISTS-X).

Pre-bid meeting for the tender has been rescheduled to be held on 10.06.2020, at 14:00 hrs (IST). The meeting will be conducted through video-conferencing on the “Blizz” platform by TeamViewer, and invitations to the meeting shall be sent on 09.06.2020. 

Prospective bidders interested in participating in the pre-bid may intimate the names and email ids of respective participants, by mailing to jayansh.gaur@seci.co.in and pratikpr@seci.co.in, latest by 08.06.2020 (18:00 hrs). 

The notice also highlighted that “Those who have already emailed regarding participation in the meeting, need not email again.”

In April, Solar Energy Corporation of India (SECI) has issused 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.

To participate in this tender 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). 

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.