20
Tue, Nov

India's 150MW Floating Solar Tender Deadline Extended Again; Amendments Issued

India
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The Solar Energy Corporation of India (SECI) has given a seventh extension to the largest floating solar power tender in India of 150 MW (50MW X 3).

Here is the link to the tender document which was issued in April this year. http://seci.co.in/web-data/docs/tenders/RfS_150MW%20Floating%20Solar_Rihand%20Dam.pdf 

 

The tender has been floated by SECI, on behalf of Uttar Pradesh Power Corporation Limited (UPPCL) which will sign the power purchase agreement with the project developers.

The agency has been forced to given such repeated extension due to the uncertainty associated with such projects, and the safeguards duty issue that played out over the last few months.

Here are some of the clauses which have been amended.

Original Clause 1: SECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsSECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsfrom the date as per the provisions of PPA. The maximum tariff payable to theProject Developer including safeguard duty notified vide Ministry of Finance,Govt. of India notification no. 01/2018-Customs (SG) dated 30.07.2018 on solarcells and modules is fixed at INR 3.32/ kWh for 25 years [including waterbodylease charges @ INR 0.05 (Five Paise) per kWh and dismantling charges @INR 0.02 (Two Paise) per kWh]. This tariff is fixed with the condition that if later itis found that no safeguard duty notified vide Ministry of Finance, Govt. of Indianotification no. 01/2018-Customs (SG) dated 30.07.2018 on solar cells andmodules has been paid by the successful bidder/ developer on the modulesused in this project, then the bid tariff will be reduced by INR 0.18/ kWh. For thepurpose of such bids no pass through benefit would be available to thesuccessful bidder/ developer. The Bidders will be free to avail fiscal incentiveslike Accelerated Depreciation, Concessional Customs and Excise Duties, TaxHolidays etc. as available for such projects. The same will not have any bearingon comparison of bids for selection. As equal opportunity is being provided to allbidders at the time of tendering itself, it is up to the Bidders to avail various taxand other benefits. No claim shall arise on SECI for any liability if Bidders are notable to avail fiscal incentives and this will not have any bearing on the applicabletariff.

Amended Clause 1: SECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsSECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsfrom the date as per the provisions of PPA. The maximum tariff payable to theProject Developer is fixed at INR 3.32/ kWh for 25 years [including waterbodylease charges @ INR 0.05 (Five Paise) per kWh and dismantling charges @INR 0.02 (Two Paise) per kWh payable by the SPD to UPJVNL directly]. TheBidders will be free to avail fiscal incentives like Accelerated Depreciation,Concessional Customs and Excise Duties, Tax Holidays etc. as available forsuch projects. The same will not have any bearing on comparison of bids forselection. As equal opportunity is being provided to all bidders at the time oftendering itself, it is up to the Bidders to avail various tax and other benefits. Noclaim shall arise on SECI for any liability if Bidders are not able to avail fiscalincentives and this will not have any bearing on the applicable tariff.The related clauses elsewhere mentioned in the RfS shall beinterpreted accordingly.

Original Clause 2: The SPD has to get the required tranmission line constructed by Uttar PradeshThe SPD has to get the required tranmission line constructed by Uttar PradeshPower Transmission Corporation Limited (UPPTCL) on depository work basis.The approximate cost is mentioned below: -1. LILO of 132kV Anpara-Pipri at Bina Solar Plant (2 x 17KM) : INR 854.49 Lacs2. 132kV SC Line Bina S/s - Bina Solar Plant (03 KM) : INR 121.59 Lacs3. 132kV Feeder Bay at Bina S/s : INR 186.33 LacsTOTAL COST (APPROX.) : INR 1162.41 LacsThe SPD has to get the final cost from UPPTCL directly. SECI will bear noresponsibility in case of any variation on the above mentioned cost.

Amended Clause 2: The SPD has to get the required tranmission line constructed by Uttar PradeshThe SPD has to get the required tranmission line constructed by Uttar PradeshPower Transmission Corporation Limited (UPPTCL) on depository work basis.The approximate cost is mentioned below: -1. Package A (Connectivity at Anpara) : INR 427.245 Lacs2. Package B (Connectivity at Bina) : INR 307.92 Lacs3. Package C (Connectivity at Pipri) : INR 427.245 LacsTOTAL COST (APPROX.) : INR 1162.41 LacsThe SPD has to get the final cost from UPPTCL directly. SECI will bear noresponsibility in case of any variation on the above mentioned cost.

 

ORIGINAL PERFORMANCE BANK GUARANTEE (PBG) CLAUSE: Bidders selected by SECI based on this RfS shall submit Performance BankGuarantee for a value @ INR 11.25 Lakh/ MW/ Package within 30 days ofissuance of Letter of Intent (LoI) or before signing of PPA(S), whichever isearlier. It may be noted that successful Bidders shall submit the PerformanceBank Guarantee according to the Format 7.3 B for a value @ INR 11.25 Lakh/MW/ Package with an initial validity period from the date of submission of thePBG until 27 (Twenty Seven) Months from the Effective Date of the PPA. Onreceipt and after successful verification of the total Performance BankGuarantee in the acceptable form, the BG submitted towards EMD shall bereturned by SECI to the successful Bidder. Non submission of PBG within theabove timelines shall be treated as follows:a. Delay upto 01 month from due date of submission of PBG: Delay charges @1% of the PBG amount per month levied on per day basis shall be paid by theBidder to SECI in addition to the PBG amount.b. Delay beyond 01 month from the due date of submission of PBG: The BGagainst EMD submitted by the Bidder shall be encashed by SECI and theProject shall stand terminated.For the purpose of calculation of the above delay charges, ‘month’ shall beconsidered as a period of 30 days.

AMENDED PERFORMANCE BANK GUARANTEE (PBG) CLAUSE: Bidders selected by SECI based on this RfS shall submit Performance BankBidders selected by SECI based on this RfS shall submit Performance BankGuarantee for a value @ INR 11.25 Lakh/ MW/ Package within 90 days ofissuance of Letter of Intent (LoI) or before signing of PPA(S), whichever isearlier. It may be noted that successful Bidders shall submit the PerformanceBank Guarantee according to the Format 7.3 B for a value @ INR 11.25 Lakh/MW/ Package with an initial validity period from the date of submission of thePBG until 30 (Thirty) Months from the Effective Date of the PPA. On receipt andafter successful verification of the total Performance Bank Guarantee in theacceptable form, the BG submitted towards EMD shall be returned by SECI tothe successful Bidder. Non submission of PBG within the above timelines shallbe treated as follows:

a. Delay upto 01 month from due date of submission of PBG: Delay charges @1% of the PBG amount per month levied on per day basis shall be paid by theBidder to SECI in addition to the PBG amount.

b. Delay beyond 01 month from the due date of submission of PBG: The BGagainst EMD submitted by the Bidder shall be encashed by SECI and theProject shall stand terminated.The successful bidder/ SPD shall extend the validity of PBGs as and whendesired by SECI without any additional financial implication to SECI.

For the purpose of calculation of the above delay charges, ‘month’ shall beconsidered as a period of 30 days.

 

ORIGINAL POWER PURCHASE AGREEMENT: SECI shall enter into Power Purchase Agreement (PPA) with Selected Biddersbased on this RfS. A copy of standard Power Purchase Agreement (PPA) to beexecuted between SECI and the selected SPD will be made available onwebsite of TCIL https://www.tcilindia-electronictender.com and also in SECIwebsite www.seci.co.in. The PPA shall be signed within 30 days from the dateof issuance of LOI, if not extended by SECI (for e.g. If the LOI is dated20.10.2018, then the last date of signing of PPA shall be 19.11.2018). PPA willbe executed between SECI and selected bidder or its SPV, for each Packagehaving cumulative installation capacity of 50MW.

 

AMENDED POWER PURCHASE AGREEMENT: SECI shall enter into Power Purchase Agreement (PPA) with Selected Bidders based on this RfS. A copy of standard Power Purchase Agreement (PPA) to be executed between SECI and the selected SPD is available on website of TCIL https://www.tcilindia-electronictender.com and also in SECI website www.seci.co.in. The PPA shall be signed within 90 days from the date of issuance of LOI, if not extended by SECI (for e.g. If the LOI is dated 20.12.2018, then the last date of signing of PPA shall be 19.03.2019). PPA will be executed between SECI and selected bidder or its SPV, for each Package having cumulative installation capacity of 50MW.

 

For the complete amendment document, click here: http://seci.co.in/web-data/docs/Amendment-I%20to%20RfS-PPA-PSA_150MW%20Floating%20Solar.pdf 

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