NHPC Invites Bids for 1.2 GW Grid-Connected Solar PV Power Projects with 600 MW/1200 MWh ESS
National Hydroelectric Power Corporation has issued a tender for setting up 1200 MW ISTS-connected solar power projects with 600 MW/1200 MWh energy storage systems in India under a tariff-based competitive bid.
September 21, 2024. By Mrinmoy Dey
“The minimum project size will be 50 MW (with a minimum ESS component of 25 MW/50 MWh) and in multiples of 10 MW thereafter under open category. The cumulative capacity offered should not exceed 600 MW (with a minimum ESS component of 300 MW/600 MWh) without the greenshoe option and 1200 MW (with a minimum ESS component of 600 MW/1200 MWh) for a bidder with the greenshoe option,” noted the tender document.
It further clarified that for projects located in North-Eastern states and special category, the minimum quantum of contracted capacity that can be offered by a bidder shall be 30 MW (with a minimum ESS component of 15 MW/30 MWh).
Bidders need to deposit a tender fee of INR 3.54 lakh and an EMD fee of 9.42 lakh. Further, a bid processing fee of INR 3 lakh (for 50 MW), INR 5 lakh (for 50-100 MW), INR 10 lakh (100-250 MW), INR 20 lakh (250-500 MW) and INR 30 lakh (for above 250 MW) plus GST needs to be deposited.
The project needs to be completed within 731 days.
The pre-bid meeting will be held on October 3, 2024. The last date for submission of bids is October 18, 2024. Bids will be opened on October 23, 2024.
The tender document specifies that ESS of at least 0.5 MW/1 MWh capacity for 1 MW contracted capacity shall mandatorily be installed as part of the project.
It further clarified that ESS charged using a source other than solar power would not qualify as solar power. “For the avoidance of any doubt, it is hereby clarified that ESS may be owned by the SPG or may be tied up separately with a third party by the SPG, for supply of power,” it added.
As for the financial eligibility, the net worth of the bidder should be equal to or greater than the value calculated at the rate of INR 1.29 crore or equivalent USD per MW of the project capacity as on the last date of the previous financial year.
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