RfS for setting up of 5 MW Grid Connected Solar PV Project in Gujarat

SECI invites proposals for setting up of grid connected Solar PV Project of 5 MW capacity at Jaloya (Banaskantha), Gujarat in India on "Build Own Operate" basis. Project selected based on this RfS will be given "Viability Gap Funding" (VGF). The Bidder selected by SECI based on this RfS has to sign a VGF Securitization Agreement (VGFSA) with SECI and will enter into Power Purchase Agreement (PPA) for purchase of solar power for a period of 25 years. The tariff will be paid to the successful SPD by SECI is fixed at Rs.5.45 per kWh. In case the benefit of accelerated depreciation is availed by the SPD for the project, the tariff payable by SECI to SPD will be Rs.4.75 per kWh. The tariffs will remain fixed for the entire period of PPA.

The upper limit for eligibility of VGF by the SPD will be 30% of the project cost or Rs.2.5 Cr./ MW, whichever is lower. The bidding will be carried out by SECI on the basis of VGF requirement to be quoted by the Bidders for setting up of the Project. The project will be awarded to the Bidder who has quoted the lowest VGF. The bidding methodology adopted for this Project is Single stage Two envelop system.

The solar cells and modules used in the Solar Power Project have to meet the Domestic Content Requirement. In case of crystalline Silicon technology, all process steps and quality control measures involved in the manufacture of the Solar Cells and Modules starting from P-type (or N-type) wafers till final assembly of the Solar Cells into Modules has to be performed at the works of PV manufacturers in India. 

The SPD will declare the annual CUF of his Project at the time of commissioning and will be allowed to revise the same within 1 year of commissioning. The declared annual CUF in no case should be less than 17% over a year. SPD has to maintain generation so as to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from COD subject to the annual CUF remaining minimum of 15% and within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years. 

Any excess generation over and above 10% of declared annual CUF will be purchased by SECI at a fixed tariff of Rs. 3 / kWh, provided SECI is able to get any buyer for sale of such excess generation.

Important dates are as listed below: