The Power and Electricity Department of Mizoram (PEDM) has extended the date to submit bids for the short-term sale of surplus non-solar renewable power.
The deadline has been extended to June 12, 2020. The earlier date was May 21, 2020, as previously reported by Mercom.
Interested bidders are expected to pay a sum of ₹500,000 (~$6,652) as the earnest money deposit (EMD).
The notice invited bids from traders with a valid interstate trading license issued by the Central Electricity Regulatory Commission (CERC) with prior experience in consulting or trading services on behalf of state power utilities (SPUs). This is to help the state electricity department sell its surplus power between July 22, 2020, and December 31, 2020.
According to the tender document, the prospective bidder should have traded at least 100 million units (MU) of renewable energy power (non-solar) from across the country in the last three financial years.
The delivery point for the power supply will be the North Eastern Regional Periphery. Beyond the delivery point, all charges related to the transmission and losses will be borne by the successful bidder.
The state power department and the successful bidder will schedule the surplus non-solar renewable power in consultation with each other. The tender document also states that the successful bidder needs to pay PEDM within ten working days from the date of receipt of the energy bills. If the payment is made within the due date, then a rebate of 1.5% will be applicable. A late payment surcharge of 18% per annum will be applied to all late payments.
Further, the successful bidder has to execute the power purchase agreement with PEDM within 15 days from the time of accepting the Letter of Award (LoA), failing which, the LoA will be terminated.
In May 2020, Mercom reported that the Power and Electricity Department of Mizoram had floated a tender for 10 MW of grid-connected solar PV power projects at various locations in the state.
Earlier, it had issued a Request for Selection for setting up 20 MW of solar projects at Vankal Solar Park, Khawzawl in Champhai district of the state.
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.