The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated a tender to select solar project developers (SPDs) to set up 600 MW grid-connected solar power projects in Jhansi Solar Park.

The last date for the submission of bids is May 8, 2024. Bids will be opened the next day.

Bidders must pay a document fee amounting to ₹29,500 ($356) and a processing fee of ₹500,000 ($6,047) plus 18% GST per quoted project with a capacity equal to or exceeding 50 MW but up to 90 MW.

For projects with a capacity of 100 MW and above, the processing fee of ₹1.5 million (~$18,142) plus 18% GST per project must be submitted.

Bidders must submit an earnest money deposit of ₹952,000 (~$ $11,514)/ MW of the quoted capacity, and the successful bidders must pay a performance bank guarantee of ₹2.38 million (~$ $28,785)/ MW of the allotted capacity.

A bidder, along with its parent, affiliate, ultimate parent, or any group company, can submit a sole bid presenting a minimum contracted capacity of 50 MW and a maximum of 600 MW. Bids for the projects must be specified in increments of 50 MW above the 50 MW threshold.

The tender promotes commercially established and operational technologies to minimize technological risks and ensure the timely commissioning of the projects. The solar modules used in the project must be listed in the latest Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

The bidder’s net worth must be equal to or exceed ₹9.52 million (~$115,137)/MW of the quoted capacity, determined as of the last date of the preceding financial year, i.e., FY 22-23, if available, or at least seven days before the bid submission deadline.

To confirm that the bidder possesses adequate resources to manage project fund requirements, the bidder must have a minimum annual turnover of ₹3.85 million (~$46,588)/MW of the quoted capacity during the previous FY 2022-23, or as of the day at least seven days before the bid submission deadline.

A bidder from a country that shares a land border with India is eligible to participate in this tender only if the bidder is registered with the competent authority.

The declared annual Capacity Utilization Factory (CUF) by the project developer must not be less than 19%. In each contract year, the developer must supply energy to the procurer at the delivery point so as to achieve annual CUF within +10% and -10% of the declared annual CUF for the term of the power purchase agreement.

Earlier, UPNEDA issued three tenders to install 7 MW of grid-connected net-metered rooftop solar projects with battery backup.

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