SJVN Limited, a joint venture between the Government of India and Himachal Pradesh, designated as the Renewable Energy Implementing Agency, is inviting proposals for the establishment of 1200 MW ISTS-connected Wind-Solar Hybrid Power Projects. This initiative aligns with the Wind-Solar Hybrid Policy issued by the Ministry of New and Renewable Energy to enhance grid stability and optimize transmission infrastructure.
The bidding process, under the Tariff-Based Competitive Bidding framework, will be conducted through a Single Stage Two Envelope system, comprising Technical and Financial Bids, followed by an e-Reverse Auction. Successful bidders will enter into a 25-year Power Purchase Agreement (PPA) with SJVN.
Interested developers must submit bids offering a minimum capacity of 50 MW, up to a maximum of 400 MW, with a requirement that at least 33% of the capacity be from either wind or solar sources. Bidders are encouraged to utilize fiscal incentives such as Accelerated Depreciation and Tax Holidays, though these will not influence bid evaluation.
Key dates include the Pre-Bid Meeting on July 29, 2024, bid submission deadline on August 28, 2024, and the opening of bids on August 30, 2024.
For Further details View the Tender Document Here:
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