NHPC Extends Deadline for its 2 GW Solar Tender, Raises Tariff Cap

The deadline for the submission of bids has been prolonged from October 17, 2019, to January 10, 2020, while the bid opening date has now been scheduled for January 14, 2020. The original deadline for this tender was September 27, 2019

January 02, 2020. By News Bureau

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The National Hydroelectric Power Corporation has extended the bid submission deadline of its tender for 2 GW of solar projects.

The deadline for the submission of bids has been prolonged from October 17, 2019, to January 10, 2020, while the bid opening date has now been scheduled for January 14, 2020. The original deadline for this tender was September 27, 2019.

The minimum tariff payable to the project has now been revised to Rs. 2.78/kWh from Rs. 2.65/kWh. The NHPC had set a tariff ceiling of Rs. 2.95/kWh. In October 2019, the ceiling tariff was revised to Rs. 2.65/kWh. The tariff will be applicable for 25 years.

A senior official of NHPC told that the bid submission date has been extended due to the MNRE’s guidelines which were amended in October 2019.

He further added, “We’ve extended the bid submission deadline because of the amended guidelines and also, the bidders wanted these amendments to be incorporated in the tender document.”

The tariff of Rs. 2.65/kWh is quite low compared to the fact that there are “unresolved and on-going issues in the solar sector which will have a direct impact on the costs of such projects,” according to the bidders.

The interested bidder can bid for projects at multiple locations as long as each project has a minimum capacity of 50 MW. However, the bidder is expected to quote a single tariff for the entire project capacity offered. Also, the total capacity of bids should not exceed 600 MW, as per the NHPC statement.

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