NTPC Releases RfS For Power Supply From 1 GW Solar Projects Under CPSU-II

NTPC Ltd. has announced that it has called for online bids from eligible bidders for selection of end users for the supply of power from 1 GW solar projects under CPSU-II.

The last date for submission of bids is June 27, 2019, and the techno-commercial bids will be opened on June 28, 2019. The financial bid opening will be conducted prior to the forward auction for the tender

To qualify, the Bidders should be a CPSUs/ State PSUs/ Government Entity which is either directly controlled by the Central or State Government or is under the administrative control of Central or State government or a Company in which Government is having more than 50 % shareholding as per the requirement of CPSU scheme.

MNRE issued the CPSU Scheme Phase II for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects by the government producers with Viability Gap Funding (VGF) support for self-use or use by Government/Government entities, either directly or through Distribution Companies. The total 12,000 MW capacity is expected to be added in the 4-year period i.e. from the financial year 2019-20 to 2022-23.

The projects under the latest RfS issued by SECI will be developed on a Build-Own-Operate (BOO) basis. And, the power generated from these projects shall be solely used for self-use or use by Government/Government entities, either directly or through Discoms on payment of mutually agreed usages charges of not more than Rs 3.50/kWh.