Manipur Renewable Energy Development Agency (MANIREDA), an autonomous agency under the state’s power department, has invited bids to develop 100 MW of grid-connected solar power projects at Jiribam in Manipur.
The last date to submit the bids online is January 15, 2021. The bids will be opened on the same day. The pre-bid meeting will be held on January 05, 2021. The ceiling tariff to bid is ₹3 (~$0.040)/kWh.
Any bidder from a country that shares a land border with India will be eligible to participate in the tender.
The project should be designed for interconnection with the 132/33 kV substation at the voltage level of 132 kV.
The successful bidder will have to submit an amount of ₹800,000 (~$10,917)/MW as the performance bank guarantee. The projects must be scheduled to commission within 18 months from the date of the signing of power purchase agreements (PPA).
According to the tender document, the declared annual capacity utilization factor (CUF) should not be less than 17%. The bidder should maintain generation to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from the commissioning date. The annual CUF should remain at a minimum of 15% and within +10% and -20% of the declared value of the yearly CUF after that till the end of the PPA duration of 25 years.
To participate in the competitive bidding process, the bidder should use only commercially established and operational technologies. The bidder has to confirm the selection of technology at the time of financial closure. The cells and modules used in the project should be sourced only from models and manufacturers included in the Approved List of Models and Manufacturers (ALMM), as published by the Ministry of New and Renewable Energy (MNRE).
Regarding the financial criteria, the bidder’s net worth should be greater than or equal to ₹8 million (~$109,171) of the quoted capacity as of the date of the last financial year. The bidder’s minimum annual turnover should be ₹4.15 million (~$56,632)/MW of the quoted capacity seven days before the bid submission deadline. The internal resource generation capability in the form of Profit Before Depreciation Interest and Taxes (PBDIT should be for a minimum amount of ₹830,000 (~$11,326)/MW of the quoted capacity, as on the last date of the previous financial year. The bidder should also have the approval letter from the lending institutions, committing a line of credit for a minimum amount of ₹1.036 million (~$14,137)/MW of the quoted capacity, towards meeting the working capital requirement of the project.
In September this year, MANIREDA invited bids for consultative works for 100 MW of solar power projects.
Previously, Mercom reported that the Solar Energy Corporation of India (SECI) had said that it would issue a tender for 1,000 MW of solar photovoltaic (PV) capacity to be developed in the states of Sikkim, Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Tripura, Nagaland, and Assam. According to SECI, the solar PV projects would be developed under Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-IV.
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Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.