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Week in India: Govt Approves Infusion of Rs 1000 Cr Additional Equity in SECI; NTPC Tenders BOS Package For 300 MW of Interstate Solar Projects and More


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Govt Approves Infusion of Rs 1000 Cr Additional Equity in SECI

Govt. of India has recently approved infusion of additional Rs. 1000 Cr. equity into Solar Energy Corporation of India Ltd. (SECI), a Schedule-A CPSE under the Ministry of New and Renewable Energy (MNRE). The additional equity will strengthen the company’s Balance Sheet and enable SECI to undertake critical investments in the Renewable Energy (RE) sector. The equity infusion comes at a time when the Govt. is prioritizing a shift of India’s Energy generation towards Clean Energy sources, and focusing on harnessing renewable energy, such as solar and wind, which are abundantly available in the country. Rapid transition to RE will not only abate the pollution and climate change concerns being faced by the country and globally, but also reduce India’s dependence on Energy imports.

NTPC Tenders BOS Package For 300 MW of Interstate Solar Projects

NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC, has requested bids for a balance of system (BOS) package including land for 300 megawatts (MW) of the Interstate transmission system (ISTS)-connected solar projects to be located anywhere in India. The deadline for proposal submissions is March 4, 2022, and the bids will be disclosed on the same day. The pre-bid meeting is scheduled for February 18. Applicants bidding for capacity between 50 MW and 110 MW must provide a bid security deposit of Rs 20 million. The bid security fee is Rs 50 million for 120 MW to 320 MW and Rs 100 million for 240 MW to 300 MW. The scope of work involves identifying, acquiring, and transferring ownership or lease of land to NTPC REL. Furthermore, the selected bidder will be responsible for all engineering, procurement, and construction (EPC) work to establish solar projects with power evacuation systems, with the exception of solar module supply.

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WBSEDCL Issues O&M Tender for 10 MW Solar Project

West Bengal State Electricity Distribution Company Limited (WBSEDCL) has issued a request for proposals for the full operation and management (O&M) of a 10-megawatt (MW) solar project at Haptiagachh, Uttar Dinajpur, West Bengal. The tender has a contract value of roughly Rs 10.43 million and the deadline to submit proposals is February 11, 2022. On February 16, technical bids will be opened. Bidders must submit a Rs 2,09,000 earnest money deposit (EMD) before February 15. Furthermore, the successful bidder must present a performance bank guarantee of at least 10% of the contract value within 15 days of the letter of award. The scope of work covers two years of O&M for a 10 MW solar plant, as well as accompanying equipment and materials, along with safeguarding the solar project. It also includes the provision of replacement of broken equipment and accessories, spare parts and the cleaning of solar modules every 15 days throughout the year.

KERC Directs GESCOM To Pay Tariff of Rs. 8.40/kWh To Solar Developer

The Karnataka Electricity Regulatory Commission (KERC) recently determined that a solar developer, Aurad Solar, was entitled to a rate of Rs 8.40/kWh from the Gulbarga Electricity Supply Company (GESCOM) beginning on the date the project was commissioned. The Commission ordered GESCOM to pay the developer the differential pricing for the electricity delivered beginning from the project’s commissioning within 3 months. If the distribution business (DISCOM) fails to do so, it must pay a default interest rate of 9% per year until the payment date. It further said that the developer was not obligated to pay any liquidated damages for the project’s delay in commissioning. If any damages are collected, they must be repaid to the developer, which is to be engaged with DISCOM in a fresh supplement power purchase agreement (SPPA) within 30 days of the order’s issuance.

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Karnataka’s CESC Requests Bids For Installing 15 MW Rooftop Solar Plants

Karnataka Government-owned, the Chamundeshwari Electricity Supply Corporation Limited (CESC), has requested proposals from vendors interested in establishing 15 MW rooftop solar plants for residential usage in Mysore under phase-II of MNRE’s Grid Connected Rooftop Solar Scheme. The deadline for bid submissions is January 29, 2022, and on January 25, the pre-bid meeting will take place. On February 3 the techno-commercial bids will be opened. According to the tender document, the scope of the project includes the site survey, supply, design, installation, erection, testing and commissioning. The bidders also have to provide the warranty and the selected bidder is supposed to provide 5 years of comprehensive Operation and Maintenance of grid-connected rooftop solar plant for residential consumers of various capacities which will account for a total of 15 MW capacity.

BMC Signs MoU on Power Generation, Purchase from Proposed Hybrid Solar Plant

The Brihanmumbai Municipal Company (BMC) has signed a Memorandum of Understanding (MoU) on energy technology and buy from the proposed hybrid solar energy plant at Balasaheb Thackeray Center Vaitarna Dam. The MoU was signed between the BMC and Vaitarna Photo Voltaic Hydro Energy Genco Non-public Restricted, a three way partnership of Mahalaxmi Konal Urja Non-public Restricted and Shapoorji Pallonji & Firm Restricted, within the presence of state Atmosphere Minister Aaditya Thackeray.
As per the MoU, 100 MW electrical energy can be generated. Whereas the hydroelectric energy plant, which has lengthy been in planning, may have a capability of 20 MW, the floating photo voltaic photovoltaic energy plant can generate as a lot as 80 MW.

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