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A tender for the development of 31.02 MW grid-connected solar projects has been issued by the Jodhpur Vidyut Vitran Nigam (JVVNL) as part of Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) initiative for the solarization of feeders.
The project will be developed following the RESCO model and will cost around Rs. 35 million/MW.
The deadline for submission of proposals is February 20, 2023, and the day of the bid revealing is February 22.
JVVNL hopes to establish 13 solar projects, each with a different capacity, over 50 (11 kV) feeders under the tender. Within 9 months of the power purchase agreement’s (PPA) execution, the projects must be completed.
Bidders must provide Rs. 700,000/MW as an earnest money deposit. Additionally, winning bidders will have to provide a performance bank guarantee (PBG) in the amount of Rs. 500,000/MW.
Within a week of the PBG’s submission, the winning bidder and Rajasthan Urja Vikas Nigam would sign a 25-year PPA at the acceptable tariff set by the Rajasthan Electricity Regulatory Commission.
Additionally, developers will be responsible for 25 years of project operation and maintenance (O&M) as well as providing a remote monitoring system.
The distribution point for projects up to 2.55 MW must be an 11 kV substation, and for projects beyond 2.55 MW, it must be a 33 kV substation.
The chosen bidder is required to guarantee a capacity utilization factor (CUF) of at least 17%.
The most recent Approved List of Models and Manufacturers must be used by the solar power generator for models and manufacturers.
A minimum yearly average turnover for individuals or businesses bidding for the tender should have been Rs. 10 million in the last 3 fiscal years.
An undertaking verifying ownership of assets worth at least 20%, or Rs. 7 million of the entire cost of the quoted capacity by the bidder, must be presented by farmers, landowners, and anybody with/without the requisite land for the project.
Further, to build up the indicated capacity, an additional undertaking is required, necessitating access to sufficient financial connections with banks and lending institutions.