ACME Solar Holdings’ ₹29 Billion IPO to Hit the Market on November 6, 2024

Jodhpur DISCOM Tenders 333 MW Solar Projects Under PM KUSUM

CIE Automotive to Procure Power from ReNew’s 7.8 MW Captive Solar Project

John Cockerill to Supply Electrolyzers to AM Green’s Ammonia Project

Varroc to Procure Power from AMPIN’s 27 MW Solar Project in Maharashtra

JinkoSolar’s Revenue Drops 23% YoY in Q3 Due to Lower Module Prices

First Solar Revenue Falls Short in Q3, Revises 2024 Guidance Amid Sector Pressures

Tata Power Records 20th Consecutive Quarter of Profit in Q2 FY 2025

SECI Floats Tender to Procure 1.2 GW Round-the-Clock Renewable Power

Daily News Wrap-Up: APTEL Criticizes MERC for Denying Petitioner Relief


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/05/amazon_polly_66012.mp3?version=1715247350">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Hindustan Petroleum Corporation (<a href="https://www.hindustanpetroleum.com/" target="_blank" rel="noopener">HPCL</a>) has issued a request for proposal on behalf of its subsidiary HPCL Renewables and Green Energy for the engineering, procurement, and construction (EPC) of a 78 MW wind-solar hybrid power project anywhere in India.</p>
<p>The selected contractor will also be responsible for the comprehensive operation and maintenance (O&amp;M) of the project for ten years.</p>
<p>HPCL Renewables and Green Energy plans to achieve net zero carbon emissions by 2040 and intends to replace the grid power used at its refineries with green energy.</p>
<p>The hybrid project is expected to supply round-the-clock power to its Mumbai refinery to provide at least 50% green energy at 686 MU. The contract load of the refinery stands at 90 MW.</p>
<p>The contractor must ensure that the minimum assured units of energy supplied to the refinery from the project are not less than 343 million kWh per year.</p>
<p>The rated installed capacity of either of the components (wind and solar) must be 25% more than the rated installed capacity of the other component.</p>
<p>The last date to submit the bids is May 24, 2024. Bids will be opened on the same day.</p>
<p>Bidders must submit an earnest money deposit of ₹70.3 million (~$841,894). The selected bidder must submit a performance bank guarantee equivalent to 5% of the EPC contract value and also an O&amp;M bank guarantee equivalent to 5% of the O&amp;M value.</p>
<p>The contractor will be responsible for identifying the land, obtaining connectivity and approvals, and injecting the power into inter-state and intra-state transmission networks to supply the Mumbai refinery.</p>
<p>The projects can be located anywhere in India on land with a minimum 27-year leasehold in non-Great Indian Bustard zones.</p>
<p>The individual components (solar and wind) may or may not be co-located.</p>
<p>A Central Transmission Utility connection is mandatory for projects outside of Maharashtra, and for those within the state, a State Transmission Utility connection is required.</p>
<p>The selected contractor will be responsible for evacuating the power from the generation source to the injection point at the Trombay substation.</p>
<p>The project&#8217;s full capacity must be commissioned within 18 months of receiving the letter of award.</p>
<p>In case of a delay, liquidated damages of 0.5% of the total EPC contract value will apply, up to a maximum of 10%.</p>
<p>The solar modules used for the project must be from the Approved List of Models and Manufacturers, and the wind turbines must be from the Revised List of Machine Manufacturers issued by the Ministry of New and Renewable Energy.</p>
<p>The solar modules must have a minimum 540 Wp rating for a 1,500V system.</p>
<p>Bidders must have experience commissioning similar projects within or outside India with a minimum of 100 MW solar, wind, or wind-solar hybrid power capacity.</p>
<p>They must have executed at least three such projects, with each valued at not less than ₹5.45 billion (~$65.27 million) or two similar projects, with each valued at not less than ₹6.81 billion (~$81.55 million) or one similar project valued at not less than ₹10.89 billion (~$130.41 million).</p>
<p>The average annual turnover of the bidders during the last three years ending March 31, 2024, must be a minimum ₹4.09 billion (~$48.98 million).</p>
<p>Earlier this month, HPCL <a href="https://www.mercomindia.com/hpcl-100-mw-solar-andhra-pradesh" target="_blank" rel="noopener">invited</a> bids on behalf of its subsidiary HPCL Renewable &amp; Green Energy for the EPC package of a 100 MW solar power project at Galiveedu, Annamayya district, Andhra Pradesh.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of the real-time tender activity.</p>


HPCL Floats EPC Tender for 78 MW Wind-Solar Hybrid Project


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/03/amazon_polly_64681.mp3?version=1711106195">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a>, an infrastructure engineering, procurement, and construction (EPC) company, has won the EPC contract from Singareni Collieries Company (<a href="https://scclmines.com/scclnew/index.asp" target="_blank" rel="noopener">SCCL</a>) for a 67.5 MW solar power project in the Mandamarri area in Telangana.</p>
<p>The scope of the contract includes the design, engineering, supply, construction, erection, testing, and commissioning of the project, along with setting up the 220 kV transmission system. Bondada will also be responsible for the project’s operation and maintenance for ten years.</p>
<p>The company quoted a gross order value of ₹4.34 billion (~$52.20 million) to win the contract and was recently granted the letter of intent.</p>
<p>SCCL, a coal mining company owned by the Government of Telangana and the Government of India, had <a href="https://www.mercomindia.com/singareni-collieries-invites-solar-projects-in-telangana" target="_blank" rel="noopener">floated</a> the tender for the three projects in September 2023 for 67.5 MW, 134.5 MW, and 30 MW.</p>
<p>The 134.5 MW project would be spread across four SCCL sites: the Kothagudem area (32.5 MW), the Sri Rampur area (27.5 MW), the STPP area (37.5 MW), and the Ramgundam-3 Area (37 MW, comprising 20 MW ground-based and 17 MW OB dump-based).</p>
<p>The 30 MW project would be distributed across three SCCL sites: the Yellandu area (15 MW), the Bhupalapalli area (10 MW), and the Ramgundam-1 area (5 MW).</p>
<p>Solar cells and modules for the projects must be obtained exclusively from manufacturers listed in List-I (solar photovoltaic modules) of the most recent Approved List of Models and Modules order issued by the Ministry of New and Renewable Energy.</p>
<p>The Ministry of Coal, under its net-zero electricity consumption plan for coal/lignite public sector undertakings, has <a href="https://www.mercomindia.com/indian-coal-sector-targets-9-gw-renewable-2030">set</a> a renewable energy target of 9 GW in the coal sector by 2030 from the present 1.75 GW.</p>
<p>According to the Ministry, the total solar capacity installed by leading coal companies like Coal India, NLC India, and SCCL is 1,700 MW, and the wind capacity is 51 MW.</p>
<p>Subscribe to Mercom’s <a href="https://www.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>


Singareni Collieries Awards 67.5 MW Solar EPC Contract in Telangana


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/03/amazon_polly_64297.mp3?version=1710477293">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Larsen and Toubro (<a href="https://www.larsentoubro.com/" target="_blank" rel="noopener">L&amp;T</a>) has won the engineering procurement and construction (EPC) contract for the Solar Energy Corporation of India’s (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) 100 MW floating solar power project to be set up at Getalsud Dam in Ranchi, Jharkhand.</p>
<p>The scope of work will include the design, engineering, supply, construction, erection, testing, and commissioning of the project. The company will also be responsible for the project’s operation and maintenance (O&amp;M) for five years.</p>
<p>L&amp;T quoted a total contract price of ₹6.06 billion (~$73.13 million) to win the contract. The price comprises ₹5.9 billion (~$71.19 million) for the EPC price, including all taxes and duties, and ₹157.6 million (~$1.90 million) for the O&amp;M price, including the GST for five years.</p>
<p>The EPC contract awarded to L&amp;T has a deemed export benefit component comprising of the Basic Customs Duty (BCD) component on modules and inverters amounting to ₹812.02 million (~$9.80 million) excluding GST on BCD value or ₹924.08 million (~$11.15 million) including GST on BCD value. The exemption was granted to L&amp;T in line with the declaration they had submitted under the Deemed Export benefit and Against Project Authority Certificate provided by SECI.</p>
<p>The project is tendered through International Competitive Bidding and funded by the World Bank. Therefore, it was treated as a Deemed Export and exempted from BCD for the imported supply of the goods against “Project Authority Certificate (PAC).”</p>
<p>SECI had <a href="https://www.mercomindia.com/seci-epc-tender-floating-solar-jharkhand" target="_blank" rel="noopener">floated</a> the EPC tender for the project back in February 2022.</p>
<p>In September 2023, the Jharkhand State Electricity Regulatory Commission <a href="https://www.mercomindia.com/jharkhand-discom-procure-power-100-mw-floating-solar" target="_blank" rel="noopener">allowed</a> the Jharkhand Bijli Vitran Nigam (JBVNL) to procure 100 MW of power from this floating solar project to fulfill its renewable purchase obligation.</p>
<p>The Commission added that JBVNL should procure power from the project at a ceiling price of ₹3.50 (~$0.042)/kWh or lower.</p>
<p>SECI will have to file a petition for tariff determination after the project is commissioned.</p>
<p>JBVNL, in its petition, emphasized that the project would receive a ‘must Run’ designation, exempt from merit order dispatch by the JBVNL. Power from the project would be injected at a single point into the state transmission utility of Jharkhand Urja Sancharan Nigam at the interconnection point.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


L&T Wins ₹6.06 Billion EPC Contract for SECI’s 100 MW Floating Solar Project

<p>The renewables arm of Larsen &amp; Toubro’s Power Transmission &amp; Distribution Business has secured a turnkey engineering, procurement, and construction (EPC) contract from the consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund of Saudi Arabia (PIF), for the Sudair Solar photovoltaic (PV) Project of 1.5 GW capacity.</p>
<p>The project is considered to be the largest solar project in Saudi Arabia.</p>
<p>The project coming up in Riyadh Province has a 30.8 square kilometer land parcel available to install a total capacity of 1.5 GW PV solar modules with associated single axis tracker and inverters.</p>
<p>As part of Saudi Arabia’s National Renewable Energy Program (NREP), the Sudair project is awarded to PIF and its partner, ACWA Power. This project is part of 70% of the target capacity of 58.7 GW assigned to PIF. The Renewable Energy Project Development Office (REPDO) would undertake competitive tendering for the remaining 30%.</p>
<p>“With several GW of solar EPC experience, L&amp;T has emerged as a global technology player for solar plants,” said S.N. Subrahmanyan, chief executive officer and managing director, Larsen &amp; Toubro.</p>
<p>Securing the project is a major milestone in the firm’s clean and green energy path to fight the climate crisis that the world faces, Subrahmanyan said.</p>
<p>“L&amp;T has been a provider of EPC services for several green projects in recent years. We have a diversified renewable portfolio of 32 M.W. floating solar power plants, 135 MWh of battery energy storage projects, 500 microgrids, and 14,000 solar water pumps. L&amp;T is also working on potential solutions related to green hydrogen and carbon capture and storage technologies.”</p>
<p>In an expansion move, in a BSE filing in February this year, L&amp;T had <a href="https://mercomindia.com/daily-news-wrap-up-solar-2/" target="_blank" rel="noopener">said</a> its power transmission &amp; distribution business had secured two engineering, procurement, and construction orders to establish over 400 MW of solar projects in Gujarat.</p>
<p>In 2020, Saudi Arabia had <a href="https://mercomindia.com/saudi-arabia-solar-tender/" target="_blank" rel="noopener">issued</a> the request for qualification (RfQ) for four solar projects with a cumulative capacity of 1,200 MW.</p>


L&T Construction Bags EPC Order to Set Up 1.5 GW Solar PV Project in Saudi Arabia

<p>NLC India has tendered a solar EPC contract for 709 MW to be developed in the state of Tamil Nadu. The bid-submission deadline is August 4, 2017.</p>
<p>The scope of work includes, procurement of land, design, engineering, manufacture, inspection at supplier’s works, supply insurance, transport, storage, erection, testing, commissioning of the project.</p>
<p>The successful bidder will also be responsible for provisional take over of the project with associated power evacuation system including grid connectivity approval from Tamil Nadu electricity authorities, load flow study, bay extensions, external transmission lines and right of way.</p>
<p>The successful bidder will provide operation and maintenance (O&amp;M) services for a period of 15 years after one-year warranty period.</p>
<p>NLC India has fixed 50 MW as the minimum project capacity at a single location and 12 months from date of issue of letter of award as the project completion timeframe.</p>
<p>NLC India won a bid to develop 709 MW of the 1,500 MW recently tendered by TANGEDCO. NLC India had bid for the entire capacity.</p>
<p><em>Image Credit: Thahira, CC BY-SA 3.0, via Wikimedia Commons</em></p>


epc-contract

Get the most relevant India solar and clean energy news.

RECENT POSTS