Daily News Wrap-Up: SJVN’s Tender to Procure 1.5 GW of Renewable Power with Storage
HPCL invites bids for a 5 MW solar project in Uttar Pradesh.
June 28, 2023
SJVN has invited bids to select renewable developers for the supply of 1,500 MW of power from interstate transmission system-connected renewable energy projects with energy storage capacities across India. The last date to submit the bids is July 20, 2023. Bids will be opened the following day. Bidders must submit ₹1.5 million (~$18,291) + 18% GST for each project as a bid processing fee and ₹1.226 million (~$14,949)/MW of the quoted capacity per project as an earnest money deposit.
Hindustan Petroleum Corporation is seeking bids for the engineering, procurement, and construction of a 5 MW grid-connected ground-mounted solar power project in Jhansi, Uttar Pradesh. The project should be completed within six months of receiving the work order. The contractor must also provide comprehensive operation and maintenance for ten years. The last day to submit the bids is July 17, 2023. The bids will be opened on the same day. Bidders must submit an earnest money deposit of ₹4.25 million (~$51,825).
Shreeji Infrastructure, a public infrastructure company, has been awarded an engineering, procurement, and construction contract by Coal India for 35 MW solar projects and associated transmission systems in West Bengal. Shreeji quoted ₹2.08 billion (~$25.4 million) to win the auction and was issued the letter of award on June 16, 2023. The company is required to commission the project within 12 months of receiving the work order.
Gujarat-based Param Renewable Energy, the operation and maintenance (O&M) arm of Gensol, has been awarded a contract by the Indian Oil Corporation for the O&M of a 5 MW solar power project located at IOCL’s Rawra facility in the Jodhpur district of Rajasthan for three years. Param Renewable quoted a figure of ₹14.72 million (~$179,496) for the O&M contract for three years. The tender was floated in March this year.
Uttar Pradesh New & Renewable Energy Development Agency has invited bids to commission a 5 MW solar power project in Saraisadi village of Mau district, Uttar Pradesh. The projects must be developed on a build, own and operate basis and commissioned within 15 months of receiving the work order. Uttar Pradesh Power Corporation will enter into a power purchase agreement with the select developer for 25 years at the fixed ceiling tariff of ₹2.98 (~$0.036)/ kWh. The last day to submit the bids is July 26, 2023. The bids will be opened the next day.
Assam Gas Company has invited bids to select a consultant to conduct the feasibility study for a proposed agrivoltaic solar power project at Sadiya in the Tinsukia district and submit the pre-feasibility report and the detailed project report. The last date to submit the bids is July 17, 2023. Bids will be opened on the same day. Bidders must submit ₹40,000 (~$487.76) as an earnest money deposit. The successful bidder must furnish an amount equivalent to 10% of the contract value as a performance bank guarantee.
The Indian government has announced an extension of the timeline for the disbursement of loans for ethanol projects in the country up to September 30, 2023, to accommodate the complex application processing and coordination required with multiple agencies. The government will provide financial assistance to such projects as interest subvention at a rate of 6% per annum or 50% of the interest charged by banks, whichever is lower, for five years, including a one-year moratorium.
The Government of Andhra Pradesh has notified the Green Hydrogen and Green Ammonia Policy-2023, targeting a production capacity of 0.5 million tons per annum (MTPA) of green hydrogen and 2 MTPA of green ammonia over the next five years. The policy would also help create 12,000 jobs per MTPA of green hydrogen produced and promote the setting up of green hydrogen and green ammonia-related equipment manufacturing facilities. The policy will be applicable for five years or remain in force until a new policy is issued.
Amara Raja Infra (ARIPL), a subsidiary of battery maker Amara Raja Group, in collaboration with Premier Solar Powertech, a solar module manufacturer in India, has secured a 100 MW solar project from Bangladesh’s Rural Power Company. The project, valued at $130 million, will be located on 326 acres of land in Madarganj, Jamalpur District, Bangladesh, and marks ARIPL’s entry into the international solar market. The project entails the engineering, design, supply, installation, and commissioning of the solar power project and will be financed by the EXIM Bank of India.
The German Federal Ministry of Economics and Climate Protection has called for expression of interest from companies that manufacture solar modules or their key components in the country to establish 10 GW of solar module manufacturing facilities. The government aims to allocate investment subsidies through the Temporary Crisis and Transition Framework for these facilities, subject to budget availability and European Commission approval. The last date to submit the bids is August 15, 2023.
To stay on track for a 1.5°C pathway, an annual deployment of approximately 1,000 GW of renewable power is necessary, according to a recent report by the International Renewable Energy Agency (IRENA). In 2022, only around 300 GW of renewable energy capacity was installed worldwide, accounting for 83% of the new capacity. In its ‘World Energy Transitions Outlook 2023: 1.5°C Pathway’ report, IRENA emphasizes that both the quantity and proportion of renewable energy must increase significantly.