Karnataka Invites Bids to Develop 300 MW Solar Project at Pavagada

The last day to submit the bids is February 28, 2024


Karnataka Solar Power Development Corporation (KSPDCL) has issued a tender to develop 300 MW of grid-connected solar power project at Pavagada Solar Park.

Bangalore Electricity Supply Company will procure the power generated by the project until March 31, 2044.

The project’s estimated cost is ₹8.93 billion (~$107.56 million). The project must be commissioned within twelve months of receiving the work order.

The last day to submit the bids is February 28, 2024. Bids will be opened on March 1.

The tender application fee is ₹10.5 million (~$126,474). Bidders must submit an earnest money deposit of ₹89.29 million (~$1.07 million).

The selected bidder must furnish ₹446.44 million (~$5.37 million) as performance security.

Bidders should have completed projects worth at least 90% of the amount put to tender as the prime contractor in establishing grid-connected ground-mounted mega-scale solar projects.

They should have commissioned at least one work of 240 MW ground-mounted grid-connected solar project with a transmission line in the last five years. This project should be in satisfactory service for a minimum of one year.

Bidders must have a minimum financial turnover of ₹17.86 billion (~$215.13 million) in at least two of the last five financial years.

They must have a minimum net worth equivalent of ₹2.67 billion (~$32.16 million) as of March 31, 2023.

Bidders must further demonstrate liquid assets or credit availability of ₹ 2.23 billion (~$26.86 million).

The land is available in possession of KSPDCL in the existing Pavagada Solar Park, subject to approval from the appropriate authority for setting up the project.

The developer will be responsible for power evacuation from the solar project to the identified 400/220 kV PGCIL substation at Pavagada Solar Park. The developer must interconnect the solar project at the 220 kV side of the 400/220 kV PGCIL substation. The developer must bear any applicable charges and energy losses up to the delivery point.

Only modules from the Ministry of New and Renewable Energy’s Approved List for Models and Manufacturers must be used.

Earlier, Karnataka Renewable Energy Development invited bids from consultancy firms to prepare a detailed project report to develop a 500 MW solar park in Bidar.

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