NTPC’s Renewable Arm Floats Tender to Procure 1 GW Wind-Solar Hybrid Power

The last date for the submission of bids is February 27, 2024


NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the selection of hybrid power generators for the supply of 1,000 MW power from inter-state transmission system (ISTS)-connected wind-solar hybrid projects anywhere in India under Tranche-V.

Projects with or without an energy storage system (ESS) are eligible to participate in the bid and must be set up on a build-own-operate basis.

The ESS must be charged using a source other than wind-solar hybrid power for it to be considered a hybrid power project.

The last date for submitting bids is February 27, 2024. Bids will be opened on the same day.

Hybrid power projects currently in progress, awaiting commissioning, or already commissioned but lacking a long-term power purchase agreement with any agency and selling power on a short-term or merchant basis are eligible for consideration under this tender.

For contracting, the minimum required capacity is set at 50 MW, with subsequent increments in multiples of 10 MW.

However, it is stipulated that the rated power capacity of one resource, either wind or solar, must constitute at least 33% of the total contracted capacity.

Bidders have to pay ₹1.26 million (~$15,171)/MW of the quoted capacity as an earnest money deposit.

Successful bidders have to submit a performance bank guarantee of ₹2.9 million (~$34,975)/MW of the allotted capacity.

The processing fees for the cumulative capacity quoted by the bidder are structured in tiers based on the project’s scale. Projects with a capacity of 50 MW are subject to a processing fee of ₹300,000 ($3,612) plus 18% GST. If the capacity exceeds 50 MW but remains within the range of up to 100 MW, the processing fee increases to ₹500,000 ($6,020.48) plus 18% GST.

For projects falling within the capacity range above 100 MW and up to 250 MW, the processing fee amounts to ₹1 million (~$12,040.98) plus 18% GST. For capacities above 250 MW and up to 500 MW, the processing fee stands at ₹2 million (~$24,081) plus 18% GST.

The wind turbines used in the projects must be type-certified models listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy (MNRE).

The solar photovoltaic modules used in the projects must be included in List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.

The tender aims to endorse solely commercially established and operational technologies to mitigate technology risks and ensure the prompt initiation of power supply from the projects.

The bidders’ net worth must be equal to or greater than the calculated value, set at the rate of ₹11.46 million (~$138,218)/MW.

Bidders must have a minimum annual turnover of ₹6.15 million (~$74,177)/ MW of the quoted capacity during the previous financial year, 2022-23, or as on the day at least seven days prior to the bid submission deadline.

Recently, NTPC invited bids to set up 1,500 MW of ISTS-connected solar power projects across India.

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