Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to develop 75 MW of projects at the UP Solar Park.
The projects will be developed in Makrecha village (25 MW), Banghauli (20 MW), and Tikar 1 & Tikar 2 (30 MW) in the Jalaun district of Uttar Pradesh.
Lucknow Solar Power Development Corporation is the implementing agency for the solar park.
The last date to submit the bids is May 31, 2022.
The ceiling tariff for the tender has been set at ₹3 (~$0.04)/kWh for 25 years.
Bidders will have to submit ₹800,000 (~$10,313) as an earnest money deposit. The successful bidder will have to furnish ₹1.05 million (~$13,536)/MW within 30 days of the letter of intent or signing the PPA, whichever is earlier.
Uttar Pradesh Power Corporation will enter into a power purchase agreement (PPA) on behalf of the distribution companies (DISCOMs) and will directly purchase power generated from these selected 75 MW solar projects for 25 years.
Only commercially established and operational technologies can be used to minimize the technology risk and achieve the timely commissioning of the projects.
The solar developer should declare the project’s annual capacity utilization factor (CUF) when submitting the response to the request for selection (RfS). The developer can revise the annual CUF once within the first year of the commercial operation date. After that, the CUF for the project should remain unchanged for the entire term of the PPA. The declared annual CUF should not be less than 17%.
The developer should maintain generation to achieve annual CUF within +10% and -15% of the declared value till the end of ten years from the commercial operation date. The annual CUF should be at a minimum of 15% and within +10% and -20% after ten years and until the PPA duration of 25 years.
The bidders are advised to take cognizance of the order issued by the Ministry of New and Renewable Energy (MNRE) on the imposition of Basic Customs Duty on solar cells and modules while preparing their response to the RfS.
The bidder’s net worth should be at least ₹7 million (~$90,244)/MW of the quoted capacity as of the last day of the previous financial year.
The net worth will be the cumulative net worth of the bidding company or consortium and the net worth of those affiliates of the bidders that contribute the required equity funding and performance bank guarantees in case the bidder fails to do so per the RfS.
Recently, Bundelkhand Saur Urja issued an expression of interest to develop grid-connected solar projects in the 1.2 GW Ultra Mega Renewable Energy Power Park in Jalaun, Uttar Pradesh.
Earlier, UPNEDA issued a letter of intent to SJVN for a 75 MW grid-connected solar power project in Jalaun and a 50 MW grid-connected solar project in Kanpur. SJVN quoted ₹2.98 (~$0.040)/kWh for both the projects.
Last September, UPNEDA invited bids to set up 200 MW of solar projects in the state’s solar park. The projects will be set up in the Jalaun district’s three locations (150MW) and Kanpur Dehat (50 MW) in the Uttar Pradesh Solar Park.
According to Mercom’s India Solar tender Tracker, UPNEDA has so far tendered around 3.7 GW of utility-scale ground-mounted solar power projects.