Jindal Steel Tenders For Procurement of Max 224 MW of RE Power

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Jindal Steel issued tender for procurement of up to 224 MW of renewable power through Open Access. The bid submition deadline is 30th Nov 2021 and bids will be opened on December 5.

To meet companys additional power requirements due to the expansion of its plant capacity, Jindal Steel, Jajpur is seeking to procure 224 MW of renewable power (solar and non-solar) through the open access route.

The company will procure power from generators, state electricity boards, independent power producers, and traders with a valid interstate or intrastate trading license issued by the Central Electricity Regulatory Commission (CERC) or State Electricity Regulatory Commissions (SERC).

The company has invited bids from the interested power generators and traders. As per tender details. The bidder must bid for a minimum of 80 MW.

The EMD amount is fixed at Rs. 10,000 per MW of the quoted bid. Once selected, the bidder should pay amount of Rs. 20,000 per MW per month for the duration of the contrsact within seven days from the date of being selected.

Additionally, successful bidders are required to book the open access transmission corridor to either the regional load dispatch center (RLDC) or state load dispatch center (SLDC).

The timely filing of the open access application before the nodal RLDC or SLDC and coordinating with them is critical for the applicants to obtain consent. The company will be responsible for fulfilling the task.

As per the approved open access on a monthly basis, the successful bidder should ensure that the power schedule does not deviate by more than 15% of the contracted power, stated Jindal Steel.

If deviation exceeding 15% of the contracted energy for which free access had been allowed every month, the successful bidder would have to submit compensation at the rate of Rs. 1/kWh or the differential ex-bus tariff for the power obtained through other sources, depending on whichever amount is greater.

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