Bids Invited for 300 MW of Floating Solar Projects in Madhya Pradesh

The last date to submit the bids is September 26, 2022


Rewa Ultra Mega Solar (RUMSL) has invited bids to develop 300 MW of floating solar projects (3×100 MW, Phase-II) at the Omkareshwar reservoir in Madhya Pradesh.

RUMSL is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam.

The last date to submit the bids is September 26, 2022. Bids will be opened the following day.

RUMSL has decided to develop the Omkareshwar floating solar park as six independent units (each unit of 100 MW) of floating grid-connected solar power projects.

The 600 MW capacity is being developed in two phases (Phase I and Phase II), each comprising 3×100 MW units of floating solar projects.

This request for proposal (RfP) is for the development of Phase II (3×100 MW) comprising Units A, B, and C. The capacity allocated for each unit is 100 MW.

The minimum quantity a bidder can quote in each category is 90 MW.

Bidders should furnish bid security for ₹90 million (~$1.13 million) if it is seeking qualification for one unit. They should submit ₹180 million (~$2.25 million) if they seek qualifications for more than one unit.

The energy generated from the units will be purchased by the Madhya Pradesh Power Management Company (MPPMCL) per the provisions of the power purchase agreement (PPA).

The procurer will enter into a PPA with the floating solar power generator for 25 years.

RUMSL will provide the power evacuation infrastructure for the interconnection of the unit and the evacuation of power to the delivery point.

Bidders should have a net worth of ₹900 million (~$11.25 million) if they seek qualification for one unit and ₹1.8 billion (~$22.51 million) if they seek qualification for more than one unit.

In the case of a consortium, the financial capacity must be met individually or collectively by all the consortium members, subject to the lead member demonstrating at least 51%  of the financial capacity required for qualification.

Amp Energy, NHDC, and SJVN were recently declared winners in RUMSL’s auction for the 300 MW floating solar park (Phase-I) at the Omkareshwar reservoir.

Earlier, RUMSL had issued a request for proposal for consultancy firms to prepare a feasibility study report of three reservoirs in Madhya Pradesh to develop floating solar projects.

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