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					</table><p><a href="https://www.pfcclindia.com/" target="_blank" rel="noopener">PFC Consulting</a>, a wholly-owned subsidiary of Power Finance Corporation (<a href="https://www.pfcindia.com/Home" target="_blank" rel="noopener">PFC</a>), has invited bids to commission 1,250 MW interstate transmission system (ISTS)-connected solar projects under the program for flexibility in generating and scheduling of thermal-hydro power stations through bundling with renewable energy and storage.</p>
<p>The last day to submit the bids is October 12, 2023. Bids will be opened on the same day.</p>
<p>Bidders must submit an earnest money deposit of ₹464,000 (~$5,579)/MW of quoted capacity.</p>
<p>Selected developers must furnish a performance bank guarantee of ₹2.32 million (~$27,899)/MW within seven working days before signing the power purchase agreement (PPA). They must also pay ₹100,000 (~$1,202)/ MW/ project as a success charge.</p>
<p>The successful bidder will have to enter into a 25-year PPA with NTPC.</p>
<p>Bidders must submit a single bid offering a minimum quantity of 300 MW and a maximum of 1,250 MW. The contracted capacity should be quoted in multiple of 50 MW only.</p>
<p>The net worth of the bidders must be equal to or greater than ₹9.28 million (~$111,598)/MW of the quoted capacity as of the last financial year.</p>
<p>Bidders must have a minimum annual turnover of ₹4.92 million (~$59,166)/MW of the quoted capacity as of the last date of the preceding financial year.</p>
<p>They can also show an internal resource generation capability in the form of profit before depreciation, interest and taxes for a minimum of ₹984,000 (~$11,833)/MW of the quoted capacity as of the last date financial year.</p>
<p>Alternatively, bidders can also show an in-principle approval letter from banks committing a line of credit for ₹1.23 million (~$14,799)/MW of the quoted capacity.</p>
<p>Developers must use modules included in the Approved List of Models and Manufacturers (ALMM) notified by the Ministry of New and Renewable Energy.</p>
<p>In May, PFC Consulting <a href="https://www.mercomindia.com/pfc-tender-evacuate-renewable-energy-karnataka" target="_blank" rel="noopener">invited</a> bids to develop an ISTS for the integration of renewable energy zone (Phase-II) in Koppal-II (Phase A&amp;B) and Gadag-II (Phase A) in Karnataka.</p>
<p>Earlier, PFC Consulting had <a href="https://www.mercomindia.com/pfc-evacuate-7-gw-of-power-khavda-renewable-park" target="_blank" rel="noopener">invited</a> bids to develop an ISTS to evacuate 7 GW of power from the Khavda Renewable Energy Park under Phase-III, Part A.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of the real-time tender activity.</p>


PFC Consulting Invites Bids for 1.25 GW ISTS-Connected Solar Projects

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