SJVN is seeking proposals from Solar Power Developers for the establishment of 1200 MW ISTS-connected Solar Power Projects across India through Tariff-Based Competitive Bidding. SJVN plans to enter into a Power Purchase Agreement (PPA) with the selected bidders for a 25-year period based on the terms of the Request for Selection (RfS) and the PPA. The minimum project capacity a bidder can propose is 50 MW, while the maximum is 600 MW. The total cumulative capacity to be awarded is 1200 MW.
Each bidder, along with their affiliates, can submit a single bid for a project ranging between 50 MW and 600 MW. For projects in North-Eastern States and Special Category, the minimum capacity can be 30 MW. The project capacity must be in multiples of 10 MW.
To participate, bidders need to pay a non-refundable document fee of INR 29,500, including GST, via NEFT or RTGS. The bid processing fee is INR 15 lakh plus 18% GST for each project, also payable via NEFT or RTGS. An Earnest Money Deposit (EMD) of INR 9,42,000 per MW, up to a maximum of INR 20 crore, is required as a Bank Guarantee.
Key dates include:
The deadline for online bid submission is 17th June 2024, 18:00 hrs.
The deadline for submitting hard copy documents is 20th June 2024, 18:00 hrs.
The technical bid opening is scheduled for 21st June 2024, 11:00 hrs.
This opportunity offers significant potential for developers interested in renewable energy projects in India.
View tender document for more details:
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