The Solar Energy Corporation of India (SECI) has extended the bid submission deadlines of numerous tenders in the past months. The latest deadline extension has been announced for its 275 MW solar tender which is slated to be developed in Uttar Pradesh solar park.
The last date of bid submission has been extended up to September 25, 2019, with the techno-commercial bid opening date of September 26, 2019.
The tender was issued in March 2019 but was later retendered on August 14, 2019, and the projects were slated to be developed on a build-own-operate (BOO) basis.
The names of the projects are Makrechha and Banghauli, Gurhah, Parasan, and Tikar 1 and Tikar 2 in Jalaun district while Gujrai project is in Kanpur’s Dehat district.
The capacity of each project is, Gujrai–50 MW, Makrechha and Banghauli– 45 MW, Gurhah—75 MW, Parasan—75 MW, and Tikar 1 and 2—30 MW.
Interested bidder needs to deposit ₹400,000 (~$5,616) as the earnest money deposit (EMD), and the cost of the RfS document is ₹29,500 ($414). Bidders selected by SECI will have to submit a performance guarantee for a value of ₹1.6 million (~$22,467)/MW within 21 days of the issuance of the letter of intent (LoI).
SECI will enter into a power purchase agreement with the successful solar power developer for 25 years. The maximum tariff payable to the project developer is ₹2.93 (~$0.041) /kWh.
The financial eligibility criteria as mentioned by SECI include that the net worth of the bidder should not be less than ₹10.7 million (~$1.5 million)/ MW in the previous financial year (FY) 2018-19.
A few days ago, SECI extended the bid submission date for its tender for 6 GW of the inter-state transmission system (ISTS)-connected solar projects linked with setting up of 2 GW (per annum) of solar manufacturing component.
According to Mercom’s India Solar Tender Tracker, Uttar Pradesh has 920 MW large-scale solar in-operations and 1.3 GW projects under development pipeline.
Image credit: Activ Solar [CC BY-SA 2.0]
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.