Tata Power has issued a request for selection (RfS) to procure power on a long-term basis for 225 MW of grid-connected wind-solar hybrid power projects.
The last date for the submission of bids is July 06, 2020, and the pre-bid meeting will take place on June 16, 2020.
Interested bidders will have to pay an amount of ₹500,000 (~$6,665) as the earnest money deposit (EMD). Bidders will also need to submit a performance bank guarantee for a value of ₹1 million (~$13,320)/MW per project at least two days before the signing of the PPA.
The minimum project size of a single hybrid power project for an intra-state project will be 25 MW of wind with at least a 5 MW project at one site. For inter-state projects, the capacity will be 50 MW at one site to be interconnected at a single delivery point.
The projects should be commissioned within a period of 18 months from the date of execution of the PPA.
Existing wind or solar power project developers that are willing to install the other component can do so as per the provisions of the RfS. The rated installed project capacity of either of the two components should be more than 25% of the other. Further, the wind component should be capped at a maximum of 50% of the project capacity. The developer should demonstrate the rated capacities of each component separately at the input side of the pooling substation as per the standard commissioning procedures.
To ensure only quality systems are installed, the type-certified wind turbine models listed in the Revised List of Models and Manufacturers (RLMM) issued by MNRE will be allowed for a deployment. Further, the cells and modules used in the project should be sourced only from the models and manufacturers included in the ‘Approved List of Models and Manufacturers (ALMM)’ published by MNRE and updated as on the date of commissioning of the project.
Regarding the financial criteria, the net worth of the bidder should be at least ₹10 million (~$133,309)/MW of the quoted capacity, as per the latest available audited financial statements.
The document states that the declared annual capacity utilization factor (CUF) should not be less than 35%. Calculation of the CUF will be on a yearly basis, and the developer should maintain generation so that the annual CUF is not less than 90% of the declared value and not more than 110% during the PPA duration of 25 years. The developer will bear all transmission charges and losses up to the delivery point.
Recently, Tata Power announced its annual results for the financial year 2019-20. The company’s income statement said that in the FY 2020, its revenue declined by 3% and stood at ₹289.48 billion ($3.8 billion) as compared to ₹299.84 billion (~$3.9 billion) in the last financial year.
Earlier, Tata Power-Delhi Distribution Limited had issued an RfP for the procurement of 150 MW of renewable (non-solar) power on a short-term basis for meeting its renewable purchase obligation.