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					</table><p>Bhutan’s <a href="https://www.moea.gov.bt/" target="_blank" rel="noopener">Ministry of Economic Affairs</a>, on behalf of the Department of Renewable Energy, has invited bids for the design, procurement, construction, and completion of the 17.38 MW Sephu solar photovoltaic (PV) power project.</p>
<p>The Sephu project comprises a main electrical system, including solar PV modules, inverters, cables, transformers, protection equipment, module mounting structures, site access, internal roads, buildings and civil works, drainage systems, lighting protection system, emergency generator, and supervisory control and data acquisition (SCADA) systems.</p>
<p>The estimated completion time for planning, engineering, procurement, construction, testing, and commissioning of the solar PV plant in Sephu is 540 days.</p>
<p>The last date scheduled for submission of the bids is September 19, 2022.</p>
<p>The Bhutan government has applied for a loan from the <a href="https://www.adb.org/" target="_blank" rel="noopener">Asian Development Bank</a> toward the cost of the Renewable Energy for Climate Resilience Project, wherein part of the debt sought will be used to make payments for the Sephu solar project.</p>
<p>Bidders must have an average annual turnover of $21 million in the last five years. They must meet or exceed the cash flow requirement of $2.6 million.</p>
<p>Bidders must have experience in designing, engineering, testing, and commissioning ground-mounted, grid-connected solar PV power projects of at least 10 MW.</p>
<p>Bidders must also have experience handling and deploying ground-mounted PV projects with PV modules, foundations, mounting structures, grid-tied inverters, transformers, SCADA systems, and a monitoring system of at least 10 MW.</p>
<p>They must have participated in bids as a contractor, joint venture partner, or subcontractor in at least two contracts in the last five years, with the value of the bidder’s participation under each contract over $12.8 million.</p>
<p>Earlier this year, the European Investment Bank (EIB) and the Bhutan government <a href="https://mercomindia.com/daily-news-wrap-up-sbi-partners-finance-solar-projects/" target="_blank" rel="noopener">ratified</a> the Country Framework Agreement allowing EIB to commence operations in the Kingdom. The agreement was expected to help expand the existing EU economic support for the country, especially on climate action, climate resilience, and energy efficiency.</p>
<p>Last year, EIB and State Bank of India <a href="https://mercomindia.com/eib-sbi-launch-e100-million-sustainability-financing/" target="_blank" rel="noopener">launched</a> a new initiative of €100 million (~$99.26 million) for climate action and sustainability financing.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real time.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
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Bhutan Invites Bids to Develop 17.38 MW Sephu Solar Project

<p>The Ministry of Finance and Mass Media in Sri Lanka has announced that it has entered into an agreement with the Asian Development Bank (ADB) wherein the bank will loan the country $50 million to help develop rooftop solar projects.</p>
<p>The goal of this program is to support government’s “Battle for Solar Power Programme” to achieve the target of installing solar projects worth 200 MW by 2020 and 1,000 MW by 2025.</p>
<p>Clean energy generation is expected be enhanced through the proposed project by increasing debt facilities and making funding more accessible to rooftop solar developers. ADB, through the rooftop solar power generation project will focus on boosting access to clean and reliable power to consumers in Sri Lanka.</p>
<p>The enterprise Sri Lanka subsidized loan scheme has introduced a Donor funded refinance loan scheme to make provisions for rooftop solar power generation project with the aegis of the ADB. Households and the entrepreneurs will be provided maximum credit facilities up to $45,000 at a lending rate of 8 percent per annum.</p>
<p>The Department of Development Finance of the Ministry of Finance and Mass Media in Sri Lanka, which is the implementing agency of the project, will coordinate with the selected banks and financial institutions to provide credit facilities to the customers to purchase rooftop solar panels from reliable suppliers who have registered under the Sustainable Energy Authority.</p>
<p>The Ceylon Electricity Board (CEB) and Lanka Electricity Company Ltd (LECO) will support the project implementation by providing technical recommendations to the financial institutions regarding technical proposals of the applicants (customers) and reviewing and approving applications for connection of solar rooftop systems to the distribution network. In addition, customers will be benefited financially through one of the systems among net metering, net accounting or net plus as a result of connecting solar electricity generated by this project to the national grid.</p>
<p>In September 2017 Mercom <a href="https://mercomindia.com/adb-provide-50-million-loan-develop-50-mw-rooftop-solar-sri-lanka/" target="_blank" rel="noopener">reported</a> on the news that ADB was looking to finance this project in Sri Lanka. The total investment cost of the project is $59.8 million of which $50 million will be provided by ADB. Equity contribution by customers for the subprojects will be $9.8 million.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/shaurya-bajaj/" class="vcard author" rel="author"><span class="fn">shaurya</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><span style="font-family: Calibri"><span style="color: #000000"><span>Shaurya is a staff reporter at MercomIndia.com with experience working in the Indian solar energy industry for the past four years in various roles. Prior to joining Mercom, Shaurya worked with a renewable energy developer and a consulting company. Shaurya holds a Bachelors Degree in Business Management from Lancaster University in the United Kingdom. </span></span></span></p>
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Sri Lanka Secures $50 Million Loan Facility from ADB to Develop Rooftop Solar

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