Karnataka Renewable Energy Development Ltd. floats Rpf to undertake development of 500 MW of solar thermal and/or solar PV power plants in the State of Karnataka.
The Authority has adopted a single stage process (the “Bidding Process”) for selection. Bidder can submit Bids for developing the Project(s) under solar thermal technology or solar PV technology or both where the minimum capacity of the Project proposed should be at least 3 MW and the maximum capacity can be 500 MW.
If the proposed capacity is more than 20MW, the Bidder should have commissioned as a developer atleast 30% of the cumulative capacity proposed, over and above 20 MW. The Developer has to provide the interconnection to the nearest substation at the voltage level of 33/66/110/220 KV for generation capacity of 5 MW and above.
The commercial operation date for the Project is 18 months for Solar PV and 30 months for Solar thermal from the date of signing of the Power Purchase Agreement.
Financial closure will take palce after 270 days from the date of signing the Power Purchase Agreement(PPA). The Bid will be valid for a period of 365 days from the date of submission.
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