UPNEDA Invites Bids for 600 MW Solar Project in Jhansi

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued a tender to enlist solar project developers (SPDs) for the establishment of 600 MW grid-connected solar power projects within the Jhansi Solar Park.

The deadline for bid submissions is May 8, 2024, with bids set to be unveiled the following day.

Prospective bidders are required to pay a document fee of ₹29,500 and a processing fee of ₹500,000 plus 18% GST per quoted project with a capacity of 50 MW up to 90 MW. For projects exceeding 100 MW, a processing fee of ₹15 lakhs plus 18% GST per project is mandatory.

Bidders must submit an earnest money deposit of ₹952,000/MW of the stated capacity. Successful bidders must also pay a performance bank guarantee of ₹23.8 lakhs/MW of the assigned capacity.

Each bidder, alongside its parent, affiliate, ultimate parent, or any group company, is eligible to submit a sole bid, covering a contracted capacity ranging from 50 MW to 600 MW in increments of 50 MW.

The tender emphasizes the adoption of commercially proven and operational technologies to mitigate technological risks and ensure project commissioning within stipulated timelines. Solar modules employed in the project must be listed in the latest Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

The bidder’s net worth must be equivalent to or exceed ₹95.2 lakhs/MW of the stated capacity, as of the last date of the preceding financial year, i.e., FY 22-23, or at least seven days before the bid submission deadline.

Bidders from countries sharing a land border with India are eligible to participate only if registered with the competent authority.

Moreover, the declared annual Capacity Utilization Factor (CUF) by the project developer must not fall below 19%, with energy supply obligations ensuring achievement of annual CUF within +10% and -10% of the declared annual CUF throughout the term of the power purchase agreement.