NTPC Issues RFS For 1000 MW ISTS Connected Solar Projects

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National Thermal Power Corporation Limited(NTPC) has issued a request for selection (RFS) document for solar developers (SPD) open to setting up Grid- connected Solar-PV Power Projects of aggregate capacity of 1000 MW on the land to be identified & arranged by the SPDs anywhere in India. The last date to submit is 13th May. 

The power generated from these  solar plants will be purchased by NTPC which will be utilized to replace the thermal power of Solapur and Kudgi Thermal Power stations under the scheme of “Flexibility in Generation and Scheduling of Thermal Power Stations to reduce emissions”

The initial purchase price is Rs 1.91/kWh for the first contract year and that will be escalated at a rate of 1 paisa/kWh per year till the 25th year. NTPC shall also reserve the right to take over the SPV (a company especially incorporated/acquired as a wholly owned subsidiary of a successful bidder for execution of this project) after completion of 5 years from the Commercial Operation Date. The SPD shall quote “SPV Handover Cost” in Indian Rupees per Million Unit (Rs/MU) in their bid. Selection of successful Solar Power Developers (SPDs) shall be done on the basis of lowest quoted ‘SPV Handover Cost’ through competitive bidding.

The Solar projects which are under construction/yet to be commissioned/commissioned but selling solar power on short term merchant basis may also be considered for the selection under this tender subject to the condition that these projects have not been accepted under any State or Central Scheme and also do not have obligation to sell the power to any beneficiaries and they are in compliance with provisions of this RfS documents. A partial capacity of solar PV Power Plants for which PPA has not been signed can also be offered by the bidder subject to meeting the minimum offered capacity requirement of 250 MW.

As far as the project size is concerned, the minimum size will be 250 MW and the maximum project size shall be 1000 MW. The Project size shall remain in multiples of 10 MW only.

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