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A tender for the power procurement from 100 MW of grid-connected solar projects to be built on various water bodies across the state on a build-own-operate basis for a 25-year period has been released by the Assam Power Distribution Company (APDCL).
The proposals must be submitted by December 7, 2022, and will be opened on December 9.
For the bidding documents, bidders must pay Rs 29,500. Additionally, they must provide an earnest money deposit of Rs. 1.16 million/MW of specified capacity. The winning bidders must also provide Rs. 2.9 million/MW as performance security of assigned capacity.
Bidders can submit proposals for capacities ranging from 5 MW to 100 MW. Less than Rs. 4.76/kWh must be stated in the quoted tariff.
The project location must be found by the developers, and they should get it approved. Within a year of signing the power purchase agreement (PPA), they must get the leasing agreement.
If developers commission a minimum of 25 MW, they can achieve partial commissioning. Up until the maximum capacity is reached, it can complete additional part commissioning in a minimum of 5 MW increments.
Within 18 months following the PPA’s execution, the projects must be put into operation.
Bidders must have completed or supervised the completion of 20 MW grid-connected floating solar projects in the last 5 years in order to be eligible to partake in the bidding process. A minimum of one of the projects must be 5 MW capacity or more.
Further, the bidders’ net worth must be at least Rs 11.63 million/MW of the specified capacity. They should have a turnover of Rs. 17.45 million/MW, an internal resource generation capacity of at least Rs. 7.55 million per MW in terms of profit before depreciation, interest, and taxes, and an in-principle sanction letter for a line of credit of at least Rs. 1.7 million/MW.
The stated capacity utilization factor (CUF) of at least 19% is required. For 25 years from the date of commissioning, developers must maintain output to achieve CUF in the range of -10% and +10% of their declared value.
20% of the performance security will be paid as liquidated damages for commissioning delays up to one month, and 40% for delays up to 3 months. The reverse auction’s tariff would be cut by Rs. 0.0015/kWh for every day the commissioning is delayed if it takes more than 3 months to complete.