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Bundelkhand Saur Urja Limited (BSUL), a joint venture of NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), has submitted an expression of interest (EoI) to build grid-connected solar projects in Jalaun, Uttar Pradesh’s 1.2 GW Ultra Mega Renewable Energy Power Park.
The Solar Power Park Developer (SPPD) for the 1,200 MW Jalaun Solar Park has been approved by the Ministry of New and Renewable Energy.
The last date for proposal submissions is May 18, 2022, and on May 20, bids will be opened.
Submission of an earnest money deposit (EMD) or bid security is not needed at the EoI stage. Bidders that want to partake in the open tender at a later stage must submit an EMD or bid security.
The chosen developer will be required to enter into a 25-year power purchase agreement (PPA) with BSUL.
The projected park is divided into two halves, with 600 MW to be constructed in Tehsil Madhogarh and ready for operation by March 2024. Another 600 MW will be built in Tehsil Orai by August 2024, both in Uttar Pradesh’s Jalaun district.
BSUL shall acquire power from the solar project developer at a set price for the medium or long term, with the power purchase fee not exceeding Rs 2.75/kWh after accounting for all transmission losses.
It is further recommended that one or more blocks of land selected in the solar park be assigned to various project developers in order to create a focused zone for solar power generation.
The project’s land allocation is 6000 acres with a lease term of 27 years. The project developer would pay an annual leasing charge of Rs 15,000 to BSUL for the land allocated. These charges will be increased at a rate of 2% every year.
A one-time price of Rs 4.275 million/MW is imposed for the building of the solar park infrastructure, which includes local area development expenses. The yearly maintenance price and administrative expenses are Rs 100,000/MW and Rs 50,000/MW, respectively, with a 6% annual increase.
The stated annual capacity utilization factor (CUF) must be more than 21%. For the first ten years after commissioning, the developer must maintain generation to reach annual CUF within +10% and -15% of the declared value, with the annual CUF maintained at a minimum of 21%.
The parties must disclose information about their experience implementing solar projects in India on a turnkey or engineering, procurement, and construction (EPC) basis, as well as statements substantiating their average annual turnover in solar projects over the past 3 fiscal years.