The New Okhla Industrial Development Authority (Noida) has issued a tender for 5 MW of rooftop solar projects ranging between 500 kW and 5 MW on buildings across the city.
Interested bidders must pay an earnest money deposit (EMD) of ₹4.3 million (~$60,012) to participate in this tender.
The tender noted that the last date for the submission of bids would be disclosed on a later date. The project is expected to cost ₹215 million (~$3 million).
The tender stated that the rates quoted by the contractors must be within Noida’s maximum allowed levelized tariff of ₹3.91 (~$0.05)/kW and that any bids that exceed the limit would be rejected.
The scope of work includes the design, engineering, procurement, supply, erection, testing, and commissioning of the projects and handling its operation and maintenance for 25 years. The tender stated that the projects must be completed in 12 months.
The projects are to be developed under the RESCO model. The RESCO model is a system where the solar project is owned by the developer, and the consumer only has to pay for the energy generated.
The tender added that joint ventures are not eligible to bid for this tender. Additionally, interested bidders must have completed similar projects of at least 5 MW in the last seven years, with the projects in operation for at least two years from its date of commissioning.
Eligible bidders must also have generated a revenue of ₹64.5 million (~$900,190) annually in the last three financial years and must not have incurred any losses in the previous two fiscals.
Previously, Mercom reported that Sukhbir Agro won an auction conducted by the Delhi Metro Rail Corporation for 10 MW of grid-connected solar projects on behalf of the Noida Metro Rail Corporation.
Last year, Uttar Pradesh Electricity Regulatory Commission (UPERC) had accepted the submissions made by Noida Power Company Limited pertaining to the fulfillment of the past renewable purchase obligations.
Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai.