Daily News Wrap-Up: West Bengal DISCOM’s 150 MW of Wind-Solar Hybrid Tender

Karnataka Milk Federation invites bids for 110 MW solar project

February 10, 2023


CESC, the Kolkata-based power utility company of the RP-Sanjiv Goenka Group, has invited bids to set up 150 MW of interstate transmission system-connected wind-solar hybrid power projects. The last date to submit the bids is March 20, 2023. Bids will be opened the following day. Bidders will have to submit ₹1.45 million (~$17,544) as an earnest money deposit. They will also have to pay ₹500,000 (~$6,049) + 18% GST for project capacity up to 99 MW and ₹1.5 million (~$18,149) + 18% GST for capacity more than 99 MW as a bid processing fee.

The Karnataka Cooperative Milk Producers’ Federation (KMF) has invited bids for the implementation of a 110 MW solar power project in group captive mode. The scope of the work includes design, finance, installation, and commissioning, along with operation and maintenance for 25 years. The last date for the submission of bids is February 24, 2023. Bids will be opened on February 27. KMF expects to save about 30-35% on its electricity bills by implementing the solar project.

The Odisha Electricity Regulatory Commission has said that a ten-year-old power purchase agreement can remain in force even after the ownership of the solar project changed as a result of the insolvency of the previous owner. The approval will allow the state to procure 5 MW of solar power for 25 years at a tariff of ₹7 (~$0.085)/kWh for fulfilling the renewable purchase obligation target of GRIDCO.

Government-owned oil and gas refiner Hindustan Petroleum Corporation has invited expressions of interest from renewable energy companies or asset owners with absolute ownership of their assets to sell their solar, wind, and wind-solar hybrid assets with or without battery storage with a minimum capacity of 50 MW. The last date to submit the bids online is February 28, 2023. Bids will be opened on the same day. The renewable assets should be of a minimum 50 MW capacity located in a single state.

TUSCO, a joint venture company of THDC India and the Uttar Pradesh New and Renewable Energy Development Agency, has invited bids to select an environmental and social impact assessment consultant for the development of 600 MW of solar power projects in the Jhansi district of Uttar Pradesh. The last date to submit the bids is February 28, 2023. Bids will be opened the following day. The project’s estimated cost is ₹5.12 million (~$61,949).

Kerala has allocated funds to a host of green initiatives in its 2023 Budget, which is aimed at doing away with fossil-fuel dependence by 2040 and achieving net carbon neutrality by 2050. The Budget announced a road map for setting up green hydrogen hubs in Kochi and Thiruvananthapuram in the next two years, for which ₹2 billion (~$24.2 million) was allocated. In his Budget presentation, state finance minister K N Balagopal said hydrogen fuel could be used in long-haul vehicles as well as ships which will result in bringing down carbon emissions significantly.

Greenko ZeroC, the green molecule production arm of the Hyderabad-based Greenko group, and Uniper, a Germany-based energy company, have begun negotiations for the offtake of 250,000 tons per annum of green ammonia to the EU. The green ammonia is proposed to be supplied from Phase 1 of Greenko ZeroC’s ammonia production facility in Kakinada. Greenko and Uniper would negotiate pricing, supply, and tenure structure for the supply and purchase agreement of green ammonia.

Turno, a Bengaluru-based commercial electric vehicle distribution and financing platform, has raised $13.8 million in series A funding which would be used to build proprietary battery technology and scale across the country. The funding round was co-led by global venture capital firms B Capital and Quona Capital, with participation from existing investors Stellaris Venture Partners and Avaana Capital and new investors Alteria Capital and InnoVen Capital.