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Private Sector | Assam - India | PID: 199645
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A tender for the power procurement from 100 MW of grid-connected solar projects to be built on various water bodies across the state on a build-own-operate basis for a 25-year period has been released by the Assam Power Distribution Company (APDCL)
The proposals must be submitted by December 7, 2022, and will be opened on December 9
For the bidding documents, bidders must pay Rs 29,500. Additionally, they must provide an earnest money deposit of Rs. 1.16 million/MW of specified capacity. The winning bidders must also provide Rs. 2.9 million/MW as performance security of assigned capacity
Bidders can submit proposals for capacities ranging from 5 MW to 100 MW. Less than Rs. 4.76/kWh must be stated in the quoted tariff
The project location must be found by the developers, and they should get it approved. Within a year of signing the power purchase agreement (PPA), they must get the leasing agreement
If developers commission a minimum of 25 MW, they can achieve partial commissioning. Up until the maximum capacity is reached, it can complete additional part commissioning in a minimum of 5 MW increments
Bidders must have completed or supervised the completion of 20 MW grid-connected floating solar projects in the last 5 years in order to be eligible to partake in the bidding process. A minimum of one of the projects must be 5 MW capacity or more
Further, the bidders’ net worth must be at least Rs 11.63 million/MW of the specified capacity. They should have a turnover of Rs. 17.45 million/MW, an internal resource generation capacity of at least Rs. 7.55 million per MW in terms of profit before depreciation, interest, and taxes, and an in-principle sanction letter for a line of credit of at least Rs. 1.7 million/MW
The stated capacity utilization factor (CUF) of at least 19% is required. For 25 years from the date of commissioning, developers must maintain output to achieve CUF in the range of -10% and +10% of their declared value
20% of the performance security will be paid as liquidated damages for commissioning delays up to one month, and 40% for delays up to 3 months. The reverse auction’s tariff would be cut by Rs. 0.0015/kWh for every day the commissioning is delayed if it takes more than 3 months to complete
| Updated on: 19 - Nov - 2022
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