Adani DISCOM Floats Tender to Procure 600 MW Wind Power

The last date for the submission of the bid is April 2, 2024


Adani Electricity Mumbai has floated a tender to select project developers for the supply of 600 MW of power from grid-connected wind projects anywhere in India.

The selected developers are required to establish wind power projects on a build own operate (BOO) basis. Land, connectivity, and long-term access will be in the scope of the project developer.

The last date for the submission of the bid is April 2, 2024. Bids will be opened on April 5.

Bidders are required to submit a document fee of ₹29,500 ($355.92) and a document processing fee of ₹300,000 ($3,619) plus 18% GST.

Additionally, bidders must provide an earnest money deposit amounting to ₹1.26 million (~$15,250)/MW for each project.

The tender allows for the consideration of already commissioned wind power projects. Wind power projects under construction, or those not yet commissioned, may also be considered, provided they are not already accepted under any other central or state programs and untied capacity is available.

Adani Electricity will enter into a power purchase agreement (PPA) with successful wind power developers for 25 years from the scheduled commercial operation date. The bidding party is required to provide a single tariff at the delivery point for the supply of wind power based on the wind energy project.

This tariff should encompass all relevant statutory taxes, duties, levies, cess, etc., if applicable, as of the final bid submission date.

Bidders are permitted to take advantage of fiscal incentives such as accelerated depreciation, concessional customs and excise duties, tax holidays, and any other incentives available for such projects.

The wind power projects linked to the intra-state transmission system must have a minimum bid capacity of 10 MW or more, while those connected to the inter-state transmission system should have a minimum bid capacity of 50 MW or more.

The selection process is technology-agnostic within the classification of “renewable energy sources” defined by MNRE based on wind power generating systems. Only commercially established and operational technologies will be considered to minimize technology risks and ensure timely project commissioning.

The developers are required to strictly adhere to the specific guidelines for wind power projects, aligned with the applicable state policies where the project is located. The developer is responsible for setting up generating systems for the supply of wind power.

Bidders are allowed to form joint ventures and consortia for participation in the bidding process. Interconnection with the ISTS or state transmission utility (STU) network for power supply to Adani Electricity falls under the scope of the project developer.

The Bidder’s net worth must be equal to or exceed ₹12.64 million (~$152,521)/MW of the quoted capacity. The evaluation is based on the financial status as of the last date of the previous financial year, i.e., FY 2022-23, or at least seven days prior to the bid submission deadline.

In January 2023, Adani Electricity Mumbai invited bids to procure 1,500 MW (along with an additional 750 MW under the greenshoe option) of round-the-clock power from grid-connected renewable energy projects complemented with firm power from any other source.

Adani Green Energy (AGEL) generated revenue of ₹17.65 billion (~$212.29 million) from power supply in the third quarter (Q3) of the financial year (FY) 2023-24, a 40% year-over-year (YoY) increase from ₹12.58 billion (~$151.31 million).