SECI Invites Bids for ISTS-Connected RE Projects to Supply 1260 MW in India
A bidder must submit a single proposal in the required formats, offering a minimum of 50 MW and a maximum of 630 MW cumulative contracted capacity regardless of whether they are the bidder's parent, an affiliate, or parent company.
September 16, 2023. By Nivedita Ojha
The last date to submit the bids is November 10, 2023 and bids will be opened on November 15, 2023.
Out of the 1260 MW total tendered capacity, 1250 MW was procured by SECI from the aforementioned projects and is scheduled to be sold to BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL), both in Delhi, and the remaining 10 MW is scheduled to be sold to M/s GIFT Power Company Limited (GIFT PCL), in Gujarat.
The Project must need the inclusion of Energy Storage Systems (ESS). During the PPA's Term, the Renewable Power Developer (RPD) has the right to alter the ESS technology at any moment. During the PPA's life, any changes to the ESS component could put the RPD in danger, incur costs, and need SECI to be notified.
Minimum Net-Worth requirement = [(INR 92,80,000 x Rated Installed Capacity of Solar PV component (MW)) + (INR 1,26,40,000 x Rated Installed Capacity of Wind Power component and other RE sources (MW)) + (INR 1,46,40,000 x Rated Installed Capacity of ESS component (MW))]
A minimum annual turnover of INR 1,26,93,000/MW of the quoted Contracted Capacity during the previous FY 2022-23 or as on the day at least 7 days prior to the bid submission deadline.
A bidder must submit a single proposal in the required formats, offering a minimum of 50 MW and a maximum of 630 MW cumulative contracted capacity regardless of whether they are the bidder's affiliate or parent company.
Performance Bank Guarantee shall be submitted by the Bidders prior to the signing of the PPA.
The Performance Bank Guarantee is calculated on the basis of the formula:
Performance Bank Guarantee = [INR 23,20,000 x Rated Installed Capacity of Solar component (MW) + INR 31,60,000 x Rated Installed capacity of Wind component and other RE generating sources (MW) + INR 36,60,000 x ESS Capacity (MW)].
The bid requires an Earnest Money Deposit (EMD) in the form of a Bank Guarantee as per Format 7.3A. This EMD should be applicable for 12 months from the last bid submission date.
please contact: firstname.lastname@example.org.
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