Bihar Invites Bids to Procure Power from 10 MW Solar Project
The last date to submit the bids is March 5, 2024
February 13, 2024
Bihar State Power Generation Company (BSPGC) has invited bids to procure power from a grid-connected ground-mounted solar power project with a raised structure over a pond and a capacity of 2 to 10 MW.
The scope of work includes setting up the grid-connected solar PV project, including the transmission network up to the interconnection or delivery point. The maintenance cost of the high-tension line and other charges from the project will be borne by the developer.
The projects with a minimum capacity of 2 MW and in multiple of 1 MW, maximum up to 10 MW, must be installed as ground-mounted and with a raised structure over the ground. It will be constructed under RESCO mode on a private pond.
Manmade ponds that have water available for eight to nine months a year are expected to be useful for installing ground-mounted solar power projects with raised structures. This also ensures that fisheries and allied activities can be carried out under it.
The last date to submit the bids is March 5, 2024.
Bidders must quote a minimum of 2 MW and a maximum capacity of 10 MW.
They must submit a bid security of ₹500,000/MW (~$6,024).
Selected bidders must submit a performance bank guarantee of ₹3 million/MW ($36,144) within 30 days of issuance of the letter of intent or before signing the power purchase agreement, whichever is earlier.
The developer must obtain all the approvals, permits, and clearances. State power distribution companies will enter into a power purchase agreement with the developer to purchase power for 25 years.
Bidders will also have to maintain an annual Capacity Utilization Factor, which should not be less than 19%.
The developer will be tasked with acquiring a pond to set up the project and must also ensure that there is water for 10 to 11 months a year.
Only commercially established and operational technologies can be used to minimize the technological risk and to achieve timely commissioning of the project. Part commissioning of the project will not be allowed.
Bidders must have commissioned solar photovoltaic-based grid-connected power projects of a cumulative installed capacity of 2 MW. They must also furnish proof of having supplied solar modules of a minimum capacity of 2 MW or above for on-grid solar power projects.
Bidders must have proof of positive growth in the financial year and a minimum average annual turnover of ₹30 million ($361,445) during the last three financial years.
Last November, BSPGC invited bids to set up a 10 MW floating solar project in Phulwaria Dam.
Earlier this year, it also floated a tender for a 185 MW grid-connected solar project with a 254 MWh battery energy storage system.
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