Bids Invited to Develop 50 MW of Solar Projects in Assam
The last date to submit the bids online is December 7, 2022
November 16, 2022
Assam Power Distribution Company (APDCL) has invited bids to procure 50 MW of power from grid-connected solar power projects to be developed on a build-own-operate basis in the state.
APDCL has set a ceiling tariff of ₹4.40 (~$0.054)/kWh for the tender.
The last date to submit the bids online is December 7, 2022. Bids will be opened on December 9.
Bidders will have to submit ₹895,000 (~$11,044)/MW as an earnest money deposit. The successful bidder will have to furnish ₹2.24 million (~$27,604)/MW as a performance guarantee.
Under the tender, the minimum bid capacity is 5 MW, and the maximum bid capacity is 50 MW. The identification and acquisition of the land for the projects within the geographical boundary of Assam are also within the scope of the selected developer.
The projects must be commissioned within 18 months of executing the power purchase agreement.
To be eligible, bidders should have designed, supplied, erected, and commissioned grid-connected solar power projects of a cumulative installed capacity of 25 MW anywhere in the world during the last five years. Out of the total capacity, at least one project should be grid-connected and of 5 MW capacity or above.
The net worth of bidders as of the last day of the previous financial year should not be less than ₹8.95 million (~$110,406)/MW of the quoted capacity. Their minimum annual turnover should be at least ₹13.42 million (~$165,603)/MW during the previous financial year.
They should have internal resource generation capability in the form of profit before depreciation, interest, and taxes (PBDIT) for a minimum of ₹5.884 million (~$72,608)/MW as of the last day of the previous financial year.
Bidders should also have an in-principle approval letter from the lending institutions committing a ‘Line of Credit’ for a minimum of ₹1.422 million (~$17,547)/MW toward meeting the working capital requirement.
The declared capacity utilization factor (CUF) should, in no case, be less than 16.21% over a year. The generator should maintain generation to achieve CUF in the range of ±10% of their declared value during the PPA duration of 25 years from the commercial operation date.
The developer will be responsible for power evacuation from the projects to the nearest substation.
In September this year, APDCL invited bids to select an agency to carry out an aerial topography survey using drone-based technology to set up MW-scale solar power projects in the state.
Earlier, Assam Power Generation Corporation had invited bids from consultancy firms to conduct a feasibility study and prepare a detailed project report (DPR) to develop a 70-90 MW floating solar project in the Karimganj district.
Subscribe to Mercom’s India Solar Tender Tracker to stay on top of tender activity in real time.