KREDL Seeks Financial Proposals from Consultancy Firms for 500MW Bidar Solar Park Development

In a significant move towards bolstering sustainable energy infrastructure, the Karnataka Renewable Energy Development Limited (KREDL) has called for financial proposals to engage the services of consultancy firms. The objective is to prepare a Detailed Project Report (DPR) and Request for Proposal (RFP) for the development of a 500MWAC capacity solar park in Aurad Taluk, Bidar district of Karnataka.

This endeavor aims to harness renewable energy resources efficiently, contributing to the state’s green energy initiatives. The solicitation is open to reputed consultancy firms, especially those prequalified by the Government of Karnataka, who are eager to participate in this transformative project.

The broad scope of consultancy services includes the preparation of a Feasibility Report and Detailed Project Report (DPR). This involves evaluating various business models, strategies for techno-commercial viability, and assessing factors such as available land, infrastructure, evacuation capabilities, and market dynamics. The DPR will adhere to MNRE guidelines and cater to the requirements of financial institutions, government regulations, and other stakeholders. Ensuring the bankability of the DPR is pivotal to attract investments.

Key aspects of the DPR will follow the comprehensive structure outlined in Annexure-1, titled ‘Table of Contents for Detailed Project Report for Solar Park’ provided by MNRE. This includes the initial feasibility report, development models, regulatory approvals, and identification of potential buyers for electricity generation.

The deadline for bid submissions is set for September 14, 2023, with a bid security requirement of ₹50,000. Firms already prequalified by the Karnataka government are eligible to participate, marking a crucial step toward the state’s renewable energy expansion and sustainable future.