Haryana Invites Bids to Procure 500 MW of Solar Power
The last date to submit the bids online is May 24, 2023
Haryana Power Purchase Center (HPPC), a joint forum of the Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN) has invited bids for supplying 500 MW of solar power from grid-connected solar projects in Haryana.
The last date to submit the bids online is May 24, 2023. Bids will be opened the following day.
Bidders must deposit ₹10,000 (~$121.87)/MW plus 18% GST as a bid processing fee. They must also furnish ₹800,000 (~$9,749)/MW as an earnest money deposit.
The successful bidder will have to furnish ₹2 million (~$24,373)/MW as a bank guarantee after issuing the Letter of Intent and before signing the power purchase agreement (PPA).
HPPC has set a ceiling tariff of ₹3.38 (~$0.041)/kWh for the tender.
HPPC will enter into PPAs with successful bidders for 25 years from the commercial operation date of the solar projects.
The solar developer must commission the project within 18 months from the date of signing the PPA.
The developer will be responsible for the design, finance, procurement of land, engineering, procurement, construction, operation, and maintenance of the projects per the provisions of the PPA to be executed between the solar power developer and HPPC.
The projects to be selected under this tender for an aggregate capacity of 500 MW will be installed anywhere in Haryana with a maximum of 10 MW from a single developer. Only commercially established and operational technologies can be used to minimize the technology risk and to achieve the timely commissioning of the projects.
The net worth of bidders for the last financial year should not be less than ₹10 million (~$121,866)/MW of the quoted capacity.
The minimum annual turnover of bidders should be at least ₹5 million (~$60,933)/MW of the quoted capacity during the previous financial year, or bidders should have internal resource generation capability in the form of profit before depreciation, interest, and taxes for at least ₹1 million (~$12,187)/MW of the quoted capacity during the last financial year.
Alternatively, bidders should have an in-principle approval letter from lending institutions committing a Line of Credit for a minimum amount of ₹1.25 million (~$15,233)/MW of the quoted capacity toward meeting the working capital requirement of the project.
The responsibility of getting the grid connectivity and long-term access from the distribution companies will entirely be on the successful bidder.
The declared annual Capacity Utilization Factor should not be less than 21%.
Solar modules to be used for the projects must be warranted for peak output wattage, which should not be less than 90% at the end of ten years and 80% at the end of 25 years from the scheduled commercial operation date.
The solar modules to be used for the project should be from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.
In June last year, Haryana Power Generation Corporation had invited bids to install and commission 121 MW of grid-connected solar power projects at Faridabad (78 MW), Panipat (25 MW), and Yamuna Nagar (18 MW).
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