Haryana Power Purchase Centre (HPPC) Limited has announced that it has released a proposal (RFS) for the procurement of 300 MW grid connected solar energy. It aims to enhance the share of renewable energy in the state and to fulfill Haryana’s renewable purchase requirement.
The HPPC has place an upper ceiling for tariff at Rs 3 for this tender. The 300 MW capacity is divided in two categories. In the first category 240 MW of capacity will be developed where the minimum bidding capacity if 3 MW and maximum is 240 MW. In the second category, the rest of 60 MW and the minimum capacity a bidder can bid in the second category is 1 MW.
HPPC will enter into a 25 year power purchase agreement with the developer. In case of a deficit, the power developer will have to pay a penalty which will be 25% of the cost of deficit.
In case of surplus generation, the developer will be free to vend it to other entities in case the discom declines to acquire the excess power. In case the discoms purchases the surplus power, it will be acquired at 75% of the tariff settled in the PPA.
The complete cost of transmission counting cost of construction of line, bay, metering and protection system, along with the transmission charges and losses up to the substations will be beared by the project developer. The time limit for the submission of the bid is January 28, 2019.
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