Mizoram Invites Bids for Short-Term Sale of Surplus Non-Solar Renewable Power
The last date for submitting bids is November 25, 2020
October 23, 2020
The Power and Electricity Department of Mizoram (PEDM) has issued a notice inviting bids for the short-term sale of the state electricity department’s surplus non-solar renewable power generated between January 1, 2021, and December 31, 2021.
Interested bidders are expected to make an earnest money deposit (EMD) of ₹500,000 (~$6,807). The last date for submission of bids is November 25, 2020.
The contract’s scope includes selling surplus non-solar-based renewable energy in the short-term through the open access mode. The delivery point for power supply by the PEDM will be the Mizoram periphery.
To be eligible to participate in the competitive bidding process, applicants must have previously traded at least 100 million units (MU) of non-solar renewable energy in the country in the last three financial years. They must submit documentary proof for this.
PEDM also said that only Indian entities with a valid trading license issued by the Central Electricity Regulatory Commission (CERC) are allowed to participate in the tender.
Successful bidders are expected to execute a power purchase agreement (PPA) with PEDM within 15 days of accepting the letter of approval. If they fail to do so, the LoA is liable to be terminated, and their EMD will be forfeited.
PEDM will bear all charges and losses up to the delivery point. The winning bidder is expected to bear all these charges are to be borne beyond the delivery point.
In May, Mizoram issued a notice inviting bids for the short-term sale of surplus non-solar renewable power to help the state electricity department sell its surplus power between July 22, 2020, and December 31, 2020.
According to Mercom Solar Tender Tracker, Mizoram has issued around 31 MW of solar tenders. In December 2019, the PEDM issued a Request for Selection for setting up 20 MW of solar power projects at Vankal Solar Park, Khawzawl in Champhai district of the state.
Nithin Thomas is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.