NHPC Invites Bids for 1200 MW Wind Solar Hybrid Power Projects
NHPC Ltd. has issued a tender for setting up 1,200 MW ISTS-connected wind-solar hybrid power projects with or without energy storage on the land owned or leased by the developers anywhere in India with a greenshoe option of an additional capacity of up to 1,200 MW. Bid submission ends on January 16, 2025.
December 18, 2024. By Mrinmoy Dey
NHPC will enter into 25-year Power Purchase Agreements (PPA) with the selected bidders.
The bidders are free to locate their solar-wind hybrid project(s) anywhere in India on the land to be identified and purchased/leased by the bidder.
The tender processing fees vary according to the capacity bidded for. Bidders need to pay INR 3 lakh for 50 MW, INR 5 lakh for capacity above 50 MW and up to 100 MW, INR 10 lakh for capacity above 100 MW and up to 250 MW and INR 20 lakh for capacity above 250 MW and up to 500 MW. For capacities above 500 MW, bidders need to pay INR 30 lakh as a processing fee. For all the above-mentioned fees, bidders also need to pay 18 percent GST.
The earnest money deposit amount will be calculated as a sum of solar, wind and ESS components. For the solar component, bidders need to furnish INR 9.42 lakh/MW as EMD. And, for the wind component, it will be INR 12.98 lakh/MW. If the project has any ESS component, the EMD for the same will be INR 13.64 lakh/MW.
Bid submission starts on January 7, 2025 and will end on January 16, 2025. Techno-commercial bids will be opened on January 21, 2025.
The minimum project size will be 50 MW and in multiples of 10 MW thereafter under the Open category. The cumulative capacity offered should not exceed 600 MW without the ‘Greenshoe Option’ and 1200 MW for a bidder with ‘Greenshoe Option’.
However, for projects located in North-Eastern States and Special Categories, the minimum quantum of contracted capacity that can be offered by a bidder, including its Parent, Affiliate or Ultimate Parent or any Group Company, shall be 30 MW.
The selection of projects would be technology agnostic. Crystalline Silicon or Thin Film or CPV, with or without trackers can be installed for the solar component. Only commercially established and operational technologies can be used to minimise the technology risk and to achieve the timely commissioning of the projects.
The cells and modules used in the project shall be sourced only from the models and manufacturers included in the ‘Approved List of Models and Manufacturers’ as published by MNRE and updated as on the date of commissioning of the project.
For wind power projects, in order to ensure only quality systems are installed, and in order to bring-in advantage of the latest developments/models, the type-certified wind turbine models listed in the Revised List of Models and Manufacturers (RLMM) issued by MNRE as updated until the scheduled commencement of supply date of the projects will be allowed for deployment in the projects.
The net worth of the bidder should be equal to or greater than the value calculated at the rate of INR 1.37 crore or equivalent USD per MW of the quoted capacity as on the last date of the previous financial year or as on the day not more than seven days prior to the due date of bid submission.
The bidder should have a minimum annual turnover of INR 68.50 lakh/MW of the quoted capacity during the previous financial year.
The bidder should possess internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT) for a minimum amount of INR 13.7 lakh/MW of the quoted capacity, as on the last date of the previous financial year.
The bidder also needs to produce an in-principle sanction letter from the lending institutions/banks of the bidder for the project, committing a Line of Credit (Fund based) for a minimum amount of INR 17.13 lakh/MW of the quoted capacity, towards meeting the working capital requirement of the project.
please contact: contact@energetica-india.net.
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