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Karnataka Floats EPC Tender for 1.2 MW Solar Project

Himachal Regulator Allows DISCOM to Procure 550 MW Solar Power from SECI

Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO


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					</table><p><a href="https://www.voyants.in/" target="_blank" rel="noopener">Voyants Solutions</a>, a consulting firm, has been declared the winner in the auction conducted by <a href="https://tuscoltd.co.in/Index" target="_blank" rel="noopener">TUSCO</a>, a joint venture company of <a href="https://www.thdc.co.in/" target="_blank" rel="noopener">THDC India</a> and the Uttar Pradesh New and Renewable Energy Development Agency (<a href="http://upneda.org.in/" target="_blank" rel="noopener">UPNEDA</a>), to select an environmental and social impact assessment consultant for the development of 600 MW of solar power projects in the Jhansi district of Uttar Pradesh.</p>
<p>Voyants Solutions quoted a price of ₹2.53 million (~$30,437) in the auction.</p>
<p>The other two bidders were Greencindia Consulting and TUV SUD South Asia, who quoted ₹4.31 million (~$51,852) and ₹4.62 million (~$55,581), respectively.</p>
<p>The tender was <a href="https://www.mercomindia.com/tusco-consultancy-600-mw-solar-projects-uttar-pradesh" target="_blank" rel="noopener">floated</a> in February this year.</p>
<p>The solar park will require an estimated area of 3,000 acres spread across eight villages of Jhansi district in Uttar Pradesh.</p>
<p>Last year, TUSCO had <a href="https://www.mercomindia.com/daily-news-wrap-up-tusco-signs-advisory-solar-projects" target="_blank" rel="noopener">signed</a> an advisory mandate under which the International Finance Corporation for supporting TUSCO in developing 600 MW of solar power projects on a public-private partnership model. The solar projects were to be set up under the Ultra Mega Renewable Energy Power Park program of the Ministry of New and Renewable Energy (MNRE).</p>
<p>The consultant will report to TUSCO for the execution of the scope of services and deliver the output under its direct supervision.</p>
<p>TUSCO has stated that for any delay attributable to the consultant beyond the scheduled period of completion of the entire work, the consultant will pay the owner liquidated damages at the rate of 0.5% of the contract value per week, subject to a maximum of 10% of the contract value.</p>
<p>In July this year, THDC India <a href="https://www.mercomindia.com/thdc-consultancy-tender-land-2-gw-solar-parks" target="_blank" rel="noopener">invited</a> bids to empanel consultants for the acquisition of land to develop 2,000 MW ultra mega renewable energy parks in Rajasthan under MNRE’s Solar Park Program.</p>
<p>Earlier, TUSCO had <a href="https://www.mercomindia.com/tusco-invites-bids-for-consultants-for-floating-solar-projects" target="_blank" rel="noopener">invited</a> bids to appoint a consultant to prepare pre-feasibility and detailed project reports for the development of floating solar power projects in Uttar Pradesh.</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 real-time tender activity.</p>


Voyants Solutions Wins TUSCO’s Consultancy Auction for 600 MW of Solar Projects


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					</table><p><a href="https://powerandenergyconsultants.com/" target="_blank" rel="noopener">Power and Energy Consultants</a> India, an energy sector consultancy service company, has been awarded the consultancy contract by <a href="https://tuscoltd.co.in/" target="_blank" rel="noopener">TUSCO</a> to prepare a feasibility-cum-detailed project report for an 800 MW ultra-mega solar power park in Chitrakoot, Uttar Pradesh.</p>
<p>The company quoted ₹4.99 million (~$60,848) to bag the order.</p>
<p>TUSCO, a joint venture company of THDC India and the Uttar Pradesh New and Renewable Energy Development Agency, <a href="https://www.mercomindia.com/tusco-consultancy-tender-solar-park" target="_blank" rel="noopener">floated</a> the tender for consultancy in March this year.</p>
<p>The tender received technical bids from four companies, of which only two qualified for financial evaluation, and the contract was awarded to Power and Energy Consultants.</p>
<p><a href="https://www.tuvsud.com/en-in/locations/asia/india/bangalore-/peenya-industrial-estaste" target="_blank" rel="noopener">TUV SUD South Asia</a> was the other company that qualified for the financial round.</p>
<p>Power and Energy Consultants must submit the feasibility-cum detailed project report within three months from the effective date of the project, i.e., August 11, 2023.</p>
<p>Any delay attributable to the consultant beyond the scheduled completion period of the entire work will attract liquidated damages at 0.5% of the contract value per week, subject to a maximum of 10% of the contract value.</p>
<p>The broad scope of service consists of preparing the detailed project report for developing an 800 MW solar power park comprising both technical and commercial analysis to understand the attractiveness, feasibility, risks, and mitigation plans related to setting up the solar park.</p>
<p>The area of the proposed project will be about 4,000 to 4,500 acres.</p>
<p>The agency should use information gathered from quarries, unlined wells, and cuttings from nearby areas. They must also gather data regarding the removal of overburden by excavation, erosion, or landslides in the area. Similarly, data regarding recent fills should also be studied to determine the fill&#8217;s characteristics and the original strata.</p>
<p>Additionally, the firm should provide an initial feasibility report to understand the business model for the proposed renewable energy park. The feasibility report should include the business model possible for the renewable energy park, regulatory approvals, proposed buyer of electricity generation, and probable buyer for signing the power sale agreement.</p>
<p>The detailed project report will include the technical and financial parameters for developing the solar park.</p>
<p>In February this year, TUSCO <a href="https://www.mercomindia.com/tusco-consultancy-600-mw-solar-projects-uttar-pradesh" target="_blank" rel="noopener">invited</a> bids to select an environmental and social impact assessment consultant to develop 600 MW of solar power projects in the Jhansi district of Uttar Pradesh.</p>
<p>Earlier, TUSCO had <a href="https://www.mercomindia.com/tusco-invites-bids-for-consultants-for-floating-solar-projects" target="_blank" rel="noopener">invited</a> bids to appoint a consultant to prepare pre-feasibility and detailed project reports for the development of floating solar power projects in Uttar Pradesh.</p>
<p>Subscribe to Mercom&#8217;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 real-time tender activity.</p>


Power and Energy Consultants Bags Consultancy Contract for 800 MW Solar Park


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					</table><p><a href="https://mercomindia.com/delay-almm-restricts-module-supplies/" target="_blank" rel="noopener"><strong>Even as the industry awaits official order on lifting the Approved List of Models and Manufacturers (ALMM) mandate for developers due to the lack of domestic solar module capacity</strong></a>, its role in delaying the enlistment of new models and manufacturers has been causing a supply bottleneck. According to the updated ALMM, the total capacity listed is approximately 21 GW and includes 83 module manufacturers.</p>
<p><a href="https://mercomindia.com/gqg-partners-invests-adani-companies/" target="_blank" rel="noopener"><strong>United States-based equity investment firm GQG Partners has closed a major deal involving a series of secondary block trade transactions amounting to ₹154.46 billion (~$1.87 billion) in the Adani</strong></a> Portfolio companies. The investments include ₹54.6 billion (~$663.21 million) in Adani Enterprises for 38.7 million shares at a price of ₹1,410.86 (~$17.14) per share. Adani Ports and Special Economic Zone received ₹52.82 billion (~$641.59 million) for 88.6 million shares at a price of ₹596.2 (~$7.24) per share.</p>
<p><a href="https://mercomindia.com/adani-operating-portfolio-crosses-8-gw/" target="_blank" rel="noopener"><strong>Adani Green Energy Ltd (AGEL), the renewables arm of the Adani Group, said its fourth wind-solar hybrid power project has become fully operational at Jaisalmer in Rajasthan</strong></a>. With the operationalization of the 700 MW plant, Adani Green now has the largest operating renewable portfolio in India with 8,024 MW. The plant is housed under AGEL’s 100% subsidiary, Adani Hybrid Energy Jaisalmer Four Limited. The hybrid power project has a power purchase agreement at a tariff of ₹3.24/kWh for 25 years.</p>
<p><a href="https://mercomindia.com/soltec-profit-surges-2022/" target="_blank" rel="noopener"><strong>Solar tracker maker Soltec Power Holdings recorded a net profit of €13.1 million ($14 million) in financial year (FY) 2022, a year-over-year (YoY) increase of 1191% compared to the net loss</strong></a> of €1.2 million (~$1.3 million) in FY21. The profit was driven by solid demand for trackers and the company’s measures to mitigate industry disruptions. The company delivered a record 3.8 GW of trackers in 2022. It has supplied a total of 15.6 GW of trackers to date.</p>
<p><strong><a href="https://mercomindia.com/tusco-consultancy-tender-solar-park/" target="_blank" rel="noopener">TUSCO, a joint venture company of THDC India and the Uttar Pradesh New and Renewable Energy Development Agency , has invited bids from consultants to prepare a feasibility-cum-detailed project report</a></strong> to develop an 800 MW ultra-mega solar power park in Chitrakoot, Uttar Pradesh. The final feasibility report must be submitted within 90 days of receiving the work order. The estimated work cost is ₹5.43 million (~$66,024). The last day to submit the bids is March 29, 2023. Bids will be opened the next day.</p>
<p><a href="https://mercomindia.com/greenko-700-million-pumped-storage/" target="_blank" rel="noopener"><strong>Renewable energy company Greenko Group announced the signing of definitive agreements for a primary equity raising of US$ 700 million from affiliates of Singapore’s sovereign wealth fund GIC, ORIX Corporation, and a wholly owned subsidiary of the Abu Dhabi Investment Authority</strong></a>. Greenko said that it would use the funds raised to accelerate its decarbonization efforts through the supply of carbon-free energy. The company will use the $700 million investment towards the capital expenditure of pumped storage projects which will have a storage capacity of more than 25 GWh, enabling 45 billion units of dispatchable carbon-free energy.</p>
<p><a href="https://mercomindia.com/germany-wind-solar-tenders-undersubscribed/" target="_blank" rel="noopener"><strong>Germany’s recent offshore wind energy auction for 3.21 GW has received interest for only less than half (1.5 GW) of the capacity on offer, according to the Federal Network Agency (Bundesnetzagentur</strong></a><strong>)</strong>. The auction received only 126 bids, while Bundesnetzagentur excluded seven bids due to procedural errors. The tariffs ​​quoted in the bids range between €0.0724 (~$0.077)/kWh and €0.0735 (~$0.078)/kWh. At €0.0743 (~$0.079)/kWh, the average quantity-weighted bid value is slightly below the newly defined maximum value.</p>
<p><a href="https://mercomindia.com/iron-ess-techs-q4-net-loss-narrows/" target="_blank" rel="noopener"><strong>Manufacturer of long-duration iron-flow batteries, ESS Tech, recorded a net loss of $25 million in the fourth quarter (Q4) of 2022, a year-on-year improvement of 86.12% compared to a $180.73 million loss during the corresponding period in 2021</strong></a>.The company said it continued to be challenged by supply throughout the year, which hindered its ability to fully achieve its delivery ambitions for the year, resulting in losses. However, it delivered 14 ‘Energy Warehouses’ in the fourth quarter. The company recorded $16,000 in revenue during the quarter compared to zero revenue generation in Q4 2021.</p>
<p><a href="https://mercomindia.com/meyer-burger-to-introduce-for-solar-modules/" target="_blank" rel="noopener"><strong>Switzerland-based engineering company Meyer Burger is planning to introduce a unified glass, glass-based product platform for its solar modules</strong></a><strong>.</strong> The modules designed under the platform will have optimized glass on the front and back. They will have enhanced bifaciality, a prominent attribute in heterojunction solar technology. The company said the products will come with increased durability, low weight, sustainably higher performance, and appealing aesthetics in black, white, and transparent variants.</p>
<p><strong><a href="https://mercomindia.com/australia-can-rival-china-for-renewables-sector/" target="_blank" rel="noopener">Australia can become a potential supply chain partner for the global renewables sector and an alternative to China, a report by think tank Climate Energy Finance has said</a></strong>. Australia houses minerals critical to renewable energy technologies in abundance and is the leading producer of unprocessed lithium. The country produces 79% of the world’s hard rock lithium, with its mineral exports projected to reach $16 billion in 2023. The country is the third largest exporter of cobalt and stands fourth in exporting mined copper, nickel, and rare earths.</p>
<p><strong><a href="https://mercomindia.com/perovskite-alkylammonium-26-08-efficiency/" target="_blank" rel="noopener">Researchers at South Korea’s Ulsan National Institute of Science and Technology have developed a perovskite solar cell by using alkylammonium chloride to control the formation of defects in the perovskite layer</a></strong><strong>.</strong> The researchers said when testing the film in a perovskite cell, it was found that it achieved a power conversion efficiency of 26.08%, which exceeds the efficiency of silicon solar cells. When tested by NREL experts, the device achieved a certified efficiency of 25.73%. The study “Controlled growth of perovskite layers with volatile alkylammonium chlorides” was recently published in Nature.</p>


Daily News Wrap-Up: ALMM Approval Delay Restricts Solar Module Supply


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					</table><p><a href="https://tuscoltd.co.in/Index" target="_blank" rel="noopener">TUSCO</a>, a joint venture company of <a href="https://www.thdc.co.in/" target="_blank" rel="noopener">THDC India</a> and the Uttar Pradesh New and Renewable Energy Development Agency (<a href="http://upneda.org.in/" target="_blank" rel="noopener">UPNEDA</a>), has invited bids from consultants to prepare a feasibility-cum-detailed project report (DPR) to develop an 800 MW ultra-mega solar power park in Chitrakoot, Uttar Pradesh.</p>
<p>The final feasibility report must be submitted within 90 days of receiving the work order.</p>
<p>The estimated work cost is ₹5.43 million (~$66,024).</p>
<p>The last day to submit the bids is March 29, 2023. Bids will be opened the next day.</p>
<p>Bidders must furnish an earnest money deposit of ₹54,280 (~$660). The selected consultant should submit 3% of the contract value as a security deposit-cum-performance bank guarantee.</p>
<p>Bidders must have experience providing consultancy services for developing large-scale solar parks of at least 300 MW. They should possess the required licensed software to evaluate energy estimation.</p>
<p>Bidders must furnish a valid certificate of license for the use of software, and the names, qualifications, and details of the experience of persons who would work for this consultancy assignment should be given.</p>
<p>Their average annual financial turnover during the last three years should be at least 30% of the estimated work cost. They should have a net worth equal to or more than paid-up share capital during the financial year 2022.</p>
<p>TUSCO has stated that for any delay attributable to the consultant beyond the scheduled completion period of the entire work, the consultant will pay the owner liquidated damages at the rate of 0.5% of the contract value per week, subject to a maximum of 10% of the contract value.</p>
<p>TUSCO recently had <a href="https://mercomindia.com/tusco-consultancy-600-mw-solar-projects-uttar-pradesh/" target="_blank" rel="noopener">invited</a> bids to select an environmental and social impact assessment consultant for the development of 600 MW of solar power projects in the Jhansi district of Uttar Pradesh.</p>
<p>Earlier, TUSCO had <a href="https://mercomindia.com/tusco-invites-bids-for-consultants-for-floating-solar-projects/" target="_blank" rel="noopener">invited</a> bids to appoint a consultant to prepare pre-feasibility and detailed project reports for developing floating solar power projects in Uttar Pradesh.</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>


TUSCO Floats Consultancy Tender for 800 MW Solar Park in Uttar Pradesh


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					</table><p><a href="https://tuscoltd.co.in/Index" target="_blank" rel="noopener">TUSCO</a>, a joint venture company of <a href="https://www.thdc.co.in/" target="_blank" rel="noopener">THDC India</a> and the Uttar Pradesh New and Renewable Energy Development Agency (<a href="http://upneda.org.in/" target="_blank" rel="noopener">UPNEDA</a>), has invited bids to select an environmental and social impact assessment consultant for the development of 600 MW of solar power projects in the Jhansi district of Uttar Pradesh.</p>
<p>The last date to submit the bids is February 28, 2023. Bids will be opened the following day.</p>
<p>The project&#8217;s estimated cost is ₹5.12 million (~$61,949).</p>
<p>Bidders will have to submit ₹51,170 (~$619) as an earnest money deposit. The successful bidder will have to furnish an amount equivalent to 3% of the contract value as a performance bank guarantee.</p>
<p>The duration of the contract will be for four months.</p>
<p>To participate in the bidding process, the consultant should have completed at least five years of environmental and social impact assessment for infrastructure projects, including renewable energy projects for the government or private sector. Of the assessments mentioned above, at least three should pertain to the generation of solar power projects.</p>
<p>Also, of the above-mentioned assessments, at least three should include the resettlement action plan and livelihood restoration plan in the last five years.</p>
<p>Additionally, the consultant should demonstrate experience in undertaking environmental and social impact assessments in accordance with international standards.</p>
<p>The proposed team should include experts and specialists in their respective skill sets and support staff so that the consultant can complete the consultancy within the specified schedule.</p>
<p>The consultant will report to TUSCO for the execution of the scope of services and deliver the output under its direct supervision.</p>
<p>TUSCO has stated that for any delay attributable to the consultant beyond the scheduled period of completion of the entire work, the consultant will pay the owner liquidated damages at the rate of 0.5% of the contract value per week, subject to a maximum of 10% of the contract value.</p>
<p>Recently, TUSCO <a href="https://mercomindia.com/tusco-invites-bids-for-consultants-for-floating-solar-projects/" target="_blank" rel="noopener">invited</a> bids to appoint a consultant to prepare pre-feasibility and detailed project reports for developing floating solar power projects in Uttar Pradesh.</p>
<p>Earlier, TUSCO had <a href="https://mercomindia.com/daily-news-wrap-up-tusco-signs-advisory-solar-projects/" target="_blank" rel="noopener">signed</a> an advisory mandate with International Finance Corporation (IFC). IFC will support TUSCO in developing 600 MW of solar power projects in the Jhansi district of Uttar Pradesh on a public-private partnership (PPP) model.</p>
<p>Subscribe to Mercom&#8217;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>


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