SECI Invites Bids for 1000 MW ISTS-connected Solar PV Power Projects in India
Solar Energy Corporation of India has released a tender for the selection of solar power developers for setting up 1000 MW ISTS-connected solar PV power projects in India under Tariff-based Competitive Bidding (SECI-ISTSXVIII). Bid submission ends on October 4, 2024.
September 16, 2024. By Mrinmoy Dey
As per the tender document, a Bidder, including its parent, affiliate or ultimate parent or any group company shall submit a single bid offering a minimum quantum of contracted capacity of 50 MW and a maximum quantum of 500 MW.
The projects need to be completed by June 30, 2025.
The bidder needs to deposit INR 59000 (including GST) as the cost of the RfS document through NEFT/RTGS transfer in the account of SECI. Further, a bid processing fee of INR 20,000/MW (Plus GST) for the quoted capacity, subject to a maximum amount of INR 20,00,000 (Plus GST), needs to be deposited.
The bidder also needs to submit an earnest money deposit (EMD) of INR 9,42,000 per MW per project in the form of a Bank Guarantee.
The successful bidder shall submit a Performance Bank Guarantee (PBG) for a value of INR 23,55,000/MW/Project within 20 days of issuance of LoA.
The pre-bid meeting will be held on September 18, 2024. The deadline for bid submission along with soft copies of documents is October 4, 2024; hard copies need to be submitted latest by October 8, 2024. Bids will be opened on October 9, 2024.
The Solar Power Developer (SPD) shall be required to set up ISTS-connected Solar PV Power Projects, including the transmission network up to the interconnection/delivery point with the primary objective of supplying solar power to SECI.
“Identification of land, installation and ownership of the project, along with obtaining connectivity and necessary approvals and interconnection with the ISTS network/STU or InSTS network (as applicable) for the supply of power to SECI, will be under the scope of the SPD. For the purpose of STU interconnection, SPD may install the Project in the same State where the Buying Entity is located,” specified the tender document.
It further clarified that bidders who have already been granted connectivity at any existing ISTS substation with a start date of connectivity on or before June 30, 2025, only are allowed to participate in this RfS.
As for the financial eligibility, the net worth of the bidder should be equal to or greater than INR 94,20,000/MW of the quoted capacity, as on the last date of previous Financial Year, i.e. FY 2023-24 or as on the day at least seven days prior to the bid submission deadline.
please contact: contact@energetica-india.net.
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