Cochin Port Trust Issues Tender Pursuing Developers for Floating Solar Project worth 1.5 MW

Moreover, the contract period is 25 years from the date of executing a power purchase agreement (PPA) and maximum allowable levellised tariff of 25 years cost of RESCO model is Rs 3.97 per kWh

May 25, 2020. By News Bureau

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Cochin Port Trust has announced that it has issued an electronic tender inviting bids for setting up of 1.5 MWp grid connected floating solar photovoltaic (PV) power project at CoPT.

The scope of project work includes site survey, design, engineering, manufacture, supply, storage, civil work, erection, testing, commissioning of this grid connected floating solar project in the Backwaters near CoPT walkway avenue between BOT junction and Kannangatt bridge at W/Island, Cochin Port Trust, Kerala including Operation & Maintenance (O&M) of the project for a period of 25 years under RESCO model (BOOT) after Operational Acceptance.

Further, the tender fee is Rs 10,500 including 5 percent GST, and the earnest money deposited (EMD) is fixed at Rs 13.5 lakh. However, the successful bidder will have to furnish performance security (PBG) of Rs 67.5 lakh after the issue of Letter of Award by Cochin Port Trust.

Interested bidders can start downloading the tender document from today itself i.e. May 22, 2020, from 6:00 p.m. onwards, however, they can submit their bids from June 01, 2020, from 9:00 a.m. onwards.

The last date and time for bid submission is June 20, 2020, till 3:00 p.m., while, these bids will be opened on June 20, 2020, at 3:30 p.m.

Besides, the tender value is Rs 6.5 crore and the period of work completion is 240 days.

Moreover, the contract period is 25 years from the date of executing a power purchase agreement (PPA) and maximum allowable levellised tariff of 25 years cost of RESCO model is Rs 3.97 per Kwh.

Also, the time of execution of PPA is from 1 month from the date of issue of LoA, and the time of completion of the solar plant is 8 months from the date of issue of the signing of PPA.

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