The projects, to be developed on Build-Own-Operate (B-O-O) basis, can be located anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh
The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for setting up of 2,000 MW of grid-connected solar PV power projects (Tranche-I) under the second phase of the Central Public Sector Undertaking (CPSU) programme.
The projects, to be developed on Build-Own-Operate (B-O-O) basis, can be located anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh.
The last date for the submission of bids is May 3, 2019. A pre-bid meeting is scheduled to be held on April 10, 2019.
An interested bidder can bid for the minimum project capacity of 10 MW and the maximum capacity of 2,000 MW. The projects can be in the multiples of 10 MW, and the minimum capacity of each block should be 20 MW.
The successful bidder may, however, set up the cumulative project capacity at a single location, or configure the project as sub-divided into a number of ‘blocks,’ set up at multiple locations, if required.
Who can bid?
To be eligible to bid, the net worth of the bidder should be more than ₹12.5 million (~$0.18 million)/MW in the last financial year.
The maximum permissible limit for viability gap funding (VGF) has been kept at Rs 7 million (~$0.10 million)/MW for these projects.
The scheduled commissioning date of the full capacity of the project will be 18 months from the date of issuance of Letter of Award (LoA). In case of commissioning delays up to six months, as part of the penalty the amount of VGF sanctioned to the project shall be reduced by 0.15 per cent, on per day basis, for the period of such delay, and proportionate to the capacity delayed or not commissioned.
In case commissioning is delayed beyond that, the project capacity under the scheme shall be reduced to the project capacity commissioned, and the balance capacity will stand terminated from the scheme and will remain ineligible for the second tranche of the VGF sanctioned to the solar power developer.
(With inputs from Mercom India and PV Magazine)
