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					</table><p><a href="https://wbpower.gov.in/" target="_blank" rel="noopener">West Bengal Power Department</a> has invited bids to develop and commission 900 MW pumped storage projects on a design, build, finance, operate and transfer (DBFOT) basis on the Bandu reservoir in Purulia, West Bengal.</p>
<p>The project will be divided into four capacities of 225 MW each. The total project cost is estimated to be ₹47 billion (~$573.6 million).</p>
<p>The last day to submit the bids is August 28, 2023.</p>
<p>Bidders must furnish a bid security of ₹500 million (~$6.1 million).</p>
<p>Selected bidders must pay ₹250,000 (~$3,051)/ MW towards an upfront premium for securing allotment of the project within thirty days from issuing the letter of award. They must also remit performance security of ₹500 million (~$6.1 million).</p>
<p>Bidders should have previously paid for or received payments for the construction of projects undertaken on build-operate-transfer, build-own-lease-transfer, build-own-operate, build-own-operate-transfer, or similar basis, providing output or services to a public sector entity.</p>
<p>They should hold a minimum of 26% equity in the company owning the eligible project during the entire year for which experience is claimed. The project&#8217;s capital cost should be more than ₹4.5 billion (~$54.9 million). They should have paid for the project&#8217;s development (excluding land cost) and collected revenues from users or electricity sales over the last five financial years.</p>
<p>Bidders who have met the above criteria and received payments of more than ₹45 billion (~$549.2 million) provided that at least one-fourth of the threshold technical capacity should be from projects where the bidder paid for construction works or received payments during the last five financial years.</p>
<p>Only payments made or received during those five years will be considered for computing the experience score. Payments below ₹1 billion (~$12.2 million) will not be counted. Construction works do not include the supply of goods or equipment unless part of the project&#8217;s turn-key construction contract/ EPC contract.</p>
<p>As of the last financial year, the bidder should have a minimum net worth of ₹11.25 billion (~$137.3 million).</p>
<p>In the case of a consortium, the combined technical capacity and net worth of members who hold at least 26% equity share in the special purpose vehicle must meet the eligibility criteria. Each member should maintain a minimum equity share of 26% of the subscribed and paid-up equity and 5% of the total project cost for two years from the project&#8217;s commercial operation. The financial capacity of the bidder will be determined based on their standalone financial statements or the financial statements of consortium members and associates.</p>
<p>Bidders either must enter into an agreement to entrust their operation &amp; maintenance  obligations to an entity with the requisite experience or undertake the O&amp;M through qualified and experienced staff.</p>
<p>The Ministry of Power <a href="https://mercomindia.com/government-proposes-green-finance-pumped-storage-projects/" target="_blank" rel="noopener">proposed</a> supporting pumped hydro storage projects through concessional climate finance. Sovereign green bonds issued for mobilizing resources for green infrastructure may be deployed in developing these projects, which utilize renewable energy for charging.</p>
<p>The ministry had also <a href="https://mercomindia.com/ministry-of-power-waives-ists-charges-hydropower-projects/" target="_blank" rel="noopener">issued</a> an order waiving the inter-state transmission system charges on evacuating electricity from new hydropower projects in the country.</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/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</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/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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West Bengal Floats Tender for 900 MW Pumped Storage Projects

<p>The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has issued a tender to develop solar projects to electrify 76 villages in West Bengal under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) program. The bid-submission deadline is August 12, 2017.</p>
<p>The projects will be developed in the Coochbehar, Murshidabad, Bankura, Purulia, Burdwan, North 24 Parganas, Purba Medinipur, Nadia and Malda districts of West Bengal.</p>
<p>The estimated project cost is Rs.1.14 billion (~$17.6 million) and the projects will be developed on a turnkey basis. The scope of work includes, supply, installation, and commissioning of the solar projects.</p>
<p>The successful bidder will be responsible for providing the transmission network, including household connections in Below Poverty (BPL) households and Above Poverty Line (APL) households. The bidder will also provide maintenance services for the BPL household connections for a five-year period. The WBSEDCL has allocated Rs.32.56 million (~$0.5 million) out of the estimated project cost towards providing service connections to APL households.</p>
<p>Mercom <a href="https://mercomindia.com/12364-villages-electrified-ddugjy-program/" target="_blank" rel="noopener">previously reported</a> that a total of 12,364 villages have been electrified under the DDUGJY program as of February 28, 2017.</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/sampath/" class="vcard author" rel="author"><span class="fn">Sampath Krishna</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/03/sampath-edited-1.png" alt="Sampath Krishna" />Sampath has been part of the Mercom India research and news team since the company’s inception. He currently oversees all data and research relating to news published on the MercomIndia.com platform. Sampath received his Bachelor’s of Commerce Degree from Kuvempu University and Post Graduate Diploma in Management, from Indira Gandhi National Open University. <a href="https://mercomindia.com/author/sampath/">More articles from Sampath Krishna.</a></p>
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West Bengal State Electricity Company Issues Tender to Develop Solar Projects for Rural Electrification

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