SUCRL’s Call: EOI for Land Aggregator/Facilitator in 700 MW Rajasthan Solar Park Project

Saurya Urja Company of Rajasthan Limited (SUCRL) is extending an Invitation for Expressions of Interest (EOI) for the empanelment of Land Aggregators/Facilitators for the acquisition of private land on lease to develop a 700 MW solar park in Rajasthan. Established as a 50:50 Joint Venture between the Government of Rajasthan and IL&FS Energy Development Company Limited, SUCRL aims to develop 5000 MW of solar parks in the state.

The proposed solar park, spanning approximately 3500 acres, is planned for private lease land in Bikaner, Barmer, Jaisalmer, and Phalodi, along with the surrounding area of the upcoming ISTS Grid Substation. The lease duration is set at 29 years and 11 months, with a lease rent escalation of 5% every three years.

Applicants are required to meet specific financial criteria, including an annual turnover of at least Rs. 1.5 Crores for the best three financial years out of the last five, a positive net worth as of the last day of the preceding financial year, and liquid assets amounting to a minimum of Rs. 50 Lakhs as of the same date.

The selected Land Aggregators/Facilitators will play a crucial role in identifying suitable land based on location, elevation, road access, water availability, and other features. The proposed solar park is intended to facilitate Solar Project Developers investing in Rajasthan. The deadline for submission of EOIs is set for January 5, 2024, before 3:00 PM, with shortlisted applicants to be notified by January 12, 2024.