SJVN, a joint venture between the Government of India and the Government of Himachal Pradesh, has initiated a bidding process for the procurement of 1,500 MW of power from interstate transmission system (ISTS)-connected renewable energy projects with energy storage capacities across India. The projects will be developed on a build, own, and operate basis, and both existing and upcoming renewable energy and storage projects are eligible to participate.
Bidders interested in the projects must submit their bids by July 20, 2023. A bid processing fee and earnest money deposit are required, amounting to ₹15 lacs + 18% GST and ₹12.26 lacs/MW of quoted capacity per project, respectively. The successful bidder must provide a performance bank guarantee equivalent to ₹30.65 lacs/MW of the allocated capacity before signing the power purchase agreement (PPA).
The contracted capacity can range from a minimum of 50 MW to a maximum of 750 MW, with a lower minimum of 30 MW for projects in northeastern and special category states. Bidders need to meet specific net worth criteria and demonstrate financial capabilities through turnover, internal resource generation, or in-principle approval from lending institutions.
The renewable projects should utilize approved wind turbine models and solar modules listed by the Ministry of New and Renewable Energy (MNRE). The capacity utilization factor (CUF) should be no less than 40%, and the developer must maintain generation within +10% and -15% of the declared CUF throughout the 25-year PPA duration.
View the tender document here: