Rajasthan Invites Bids for 1.5 GW of Wind-Solar Hybrid Projects with Storage
The last date to submit the bids is February 28, 2023
Rajasthan Urja Vikas Nigam (RUVNL) has invited bids to set up 1,500 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects anywhere in India with required storage for distribution companies (DISCOMs) to have flexibility in scheduling of power.
The last date to submit the bids is February 28, 2023. Bids will be opened on March 3.
Bidders will have to submit ₹500,000 (~$6,130) along with 18% GST for each project from 50 MW up to 99 MW and ₹1.5 million (~$18,390) plus 18% GST for each project from 100 MW and above as a bid processing fee.
They must submit ₹1.2 million (~$14,712)/MW of the quoted capacity as an earnest money deposit.
The successful bidder must furnish an amount equivalent to ₹3 million (~$36,780)/MW as a performance bank guarantee before signing the power purchase agreement (PPA).
RUVNL will enter into a PPA with the successful bidder within 60 days from the date of the issuance of the letter of award.
Power from the projects under this tender will also be utilized by RUVNL to meet its renewable purchase obligation targets.
The project must be commissioned within 24 months from the date of signing the PPA.
The identification of land, installation, and ownership of the project, along with connectivity approvals and interconnection with the ISTS network for the supply of power to RUVNL, will be the responsibility of the developer.
The project should have a mandatory energy storage system of at least 1 MW for each contracted capacity of 1 MW and should deliver 4 MWh per day to RUVNL.
The net worth of bidders should be at least ₹12.26 million (~$150,309)/MW of the quoted capacity as of the last day of the previous financial year.
Also, the minimum annual turnover of bidders should be at least ₹11.08 million (~$135,842)/MW of the quoted capacity during the last financial year.
Bidders should have internal resource generation capability in the form of profit before depreciation, interest, and taxes for a minimum of ₹2.216 (~$27,168)/MW of the quoted capacity as of the last day of the previous financial year.
Additionally, bidders should have an in-principle approval letter from the lending institutions committing a line of credit for a minimum amount of ₹2.77 million (~$33,961)/MW of the quoted capacity toward meeting the capital requirement of the project.
The developer should maintain energy supply to achieve annual supply corresponding to a capacity utilization factor (CUF) not less than 90% of the declared value and not more than 120% of the declared CUF value during the PPA duration of 25 years.
The solar modules to be used for the project must be from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy. Also, the wind turbine models should be from the Revised List of Models and Manufacturers.
Recently, RUVNL invited bids to develop 1 GW of state transmission utility-(STU) connected solar power projects in the state.
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