Hindustan Salts Limited, a government-owned salt company, invited bids to develop a 100 MW solar project at Kharaghoda in Gujarat. The bid-submission deadline is June 5, 2017.
The project will be developed on a revenue share model between Hindustan Salts and the winning engineering, procurement, and construction (EPC) contractor. Hindustan Salts will provide the land for the project. The successful bidder will provide both EPC, and operation and maintenance (O&M) of the project for a 25-year period.
The expenditures for development, installation, operation, and maintenance of the project and seeking various clearances will be borne by the successful bidder. Hindustan Salts will arrange the power purchase agreements from authorized government bodies.
The power generated from the project will be sold in the market and revenue generated shared between Hindustan Salts and the successful bidder. The bidder offering the highest percentage of revenue share will be considered as the winner. The project completion timeframe is 180 days from date of award of contract.
Mercom previously reported, in January, Sambhar Salts Limited, a subsidiary of Hindustan Salts Limited invited expression of interest to develop a 100 MW solar project in Sambhar, Rajasthan, on revenue sharing basis.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.