National Thermal Power Corporation Limited (NTPC) invites bids from the promoters or lenders, authorised financial intermediaries of power generation companies, independent power producers (IPPs), or developers for offering operational solar-based assets located in India.
In line with its Long-Term Corporate Plan, NTPC is taking various steps to make its energy portfolio greener by adding significant capacities of Renewable Energy (RE) Sources. By 2032, the company plans to have a minimum of 32000 MW capacity through RE sources constituting nearly 25% of its overall power generation capacity, the document stated.
RE portfolio of NTPC has ongoing capacity addition projects with around 2298 MW projects under construction. The company is also contemplating to increase its renewable generation capacity through acquisition of Operation Solar based Power Assets located in India for a minimum capacity of 1000 MW, it added.
Last date for sending queries is 27.08.2020 and the opening date of techno commercial bid is 22.09.2020.
To be eligible for participating the developer should have an installed capacity of minimum 50 MW (AC) or above in a single location. The Power Purchase Agreement (PPA) should have a tariff of less than or equal to INR 5/kwhr and the PPA should have been approved by the respective State or Central Regulatory Commission.
It is highlighted that the power from the Operational Solar based Power Asset must be evacuated either through a Central Transmission Utility (CTU) or State Transmission Utility (STU) and the offered Solar PV Asset(s) should be under continuous operation for at least one year.
To know more about the tender refer to the document below: