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MoP Revises Guidelines For The Tariff-based Bidding Process
To obtain round-the-clock (RTC) power from grid-oriented projects of renewable energy, supported by other power storage sources, the Ministry of Power (MoP) has issued amendments to the criteria/guidelines for the tariff-based competitive bidding practice. The amendment specifies that the weighted average levelised tariff for every unit supply of round-the-clock electricity would be the bidding assessment parameter. The bidder who will quote the least weighted average levelised tariff will be selected. According to the new amendments, if the bidder’s prescribed amount of power is less than the contracted amount of power then the bucket filling process will come into action for the capacity allocation, till the tendered capacity reaches its limit. This is different from the previous system that needed surplus qualifying participants (excluding the L1 bidders) to level the L1 bidder’s tariff.
Karnataka Renewable Energy Policy Gets Green Flag From State Cabinet
The Karnataka State Government’s Cabinet has approved the Karnataka Renewable Energy (RE) Policy for the year 2022-2027, which calls for the development of the state as a Centre of renewable energy production and the manufacture of renewable energy technology. According to the policy, Karnataka will have a renewable power generating capacity of 10 GW during the next five years. Rooftop solar alone is expected to account for at least 1 GW by 2027. The state now has a renewable energy generating capacity of 15,392 MW. The proposed strategy also envisions the formation of a market for the balanced expansion of storage capacity, which will aid in the increase in renewable energy output. This is also intended to improve power supply dependability by assuring 24X7 availability of renewable energy and adding to the load factor of renewable energy facilities.
SECI Issues Tender for 44 MW Solar Projects in Telangana
Solar Energy Corporation of India Limited (SECI) has issued notice inviting tender for Design, Engineering, Supply, Construction, Erection, Testing & Commissioning of Cumulative 44 MW (AC) ground based Solar PV Power Plant along with 10 years O&M at different sites at Singareni Collieries Company Limited (SCCL), Telangana. The last date to submit the bid is 17-05-2022 and the bid will be open on the same day. The project completion period is 12 months. Bidders are required to quote accordingly for the complete cumulative capacity of 44 MW (AC). The total capacity of 44 MW will be awarded to a single successful bidder only selected after e-RA.
Cabinet Approves Amendment in Mega Power Policy 2009 for Provisional Mega Power Projects
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the time extension (36 months) to identified 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities. Extension of time period for furnishing final mega certificate will enable developers to competitively bid for future PPAs and get tax exemptions as per Policy terms. The increased liquidity will boost the overall growth of the country and also ensure the revival of various stressed power assets. The time period for the 10 Provisional Mega projects which are commissioned/ partly commissioned for furnishing the final Mega certificates to the Tax authorities has been extended to 156 months instead of 120 months from the date of import.
HPERC Hikes Levelized Tariff By 10-11% For 1-5 MW Solar Projects For FY 2022-23
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has published a general levelized price for solar projects up to 5 MW for the fiscal year 2022-23, an increase of 10-11% over the previous fiscal year. HPERC has established the normative capital cost for solar projects with capacities up to 1 MW in regions outside urban and industrial areas at Rs 42.23 million/MW. The capital cost of projects larger than 1 MW and up to 5 MW is Rs 42.59 million/MW. This is a 13% increase over the previous year. The normative capital cost of Rs 44.24 million/MW is considered for solar projects of capacity up to 1 MW put up in urban and industrial locations, while Rs 43.59 million/MW is considered for solar projects of the capacity of 1 MW to 5 MW. The price has risen by 12.7% over the previous year.
BCPL Tenders for 2 MW Rooftop Solar In West Bengal
Bengal Chemicals and Pharmaceuticals (BCPL) has rolled out an expression of interest (EOI) to have vendors’ empanelment for grid-connected rooftop solar system installation with the total power of 2 MW on a BOOT (build, own, operate, transfer) basis at Manicktala and Panihati factories. April 13, 2022, is the last day to submit bids. The declaration of the result will be done on the same day. Bidders should have a comprehensive Operations and Maintenance (O&M) strategy for the next 15 years. The range of work involves a site survey, engineering, planning, manufacture, design, storage, supply, testing, civil work, erection, and proper commissioning of the entire project.