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					</table><p>Bihar State Power Generation Company (<a href="http://bspgcl.bihar.gov.in/" target="_blank" rel="noopener">BSPGCL</a>) has invited bids to set up a 10 MW floating solar project on Phulwaria Dam under the renewable energy service company model.</p>
<p>The last day to submit the bids is December 15, 2023. Bids will be opened on the same day.</p>
<p>Bidders must submit a bid security of ₹12 million (~$144,021). Selected bidders must submit ₹3 million (~$36,006)/ MW as a performance bank guarantee within 30 days of issuance of the letter of intent or before signing the power purchase agreement, whichever is earlier.</p>
<p>The scope of work includes setting up a floating solar project, including the transmission network up to the delivery point. The developer must obtain all the approvals, permits, and clearances. State power distribution companies will enter into a power purchase agreement with the developer to purchase power for 25 years.</p>
<p>Bidders should have commissioned solar projects of 5 MW cumulatively with at least one project of 1 MW.</p>
<p>They should have a minimum average annual turnover of ₹300 million (~$3.6 million) during the previous three financial years.</p>
<p>Bidders should have a positive net worth as of the last date of the previous financial year.</p>
<p>Only commercially established and operational technologies can be used to minimize the technology risk and to achieve the timely commissioning of the projects.</p>
<p>The projects’ declared annual capacity utilization factor (CUF) should not be less than 19%. The successful bidder must maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of ten years from the commercial operation date, subject to the annual CUF remaining a minimum of 15% and within +10% and – 20% of the declared value of the annual CUF after that until the end of the PPA duration of 25 years.</p>
<p>Only solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be used in the project.</p>
<p>The modules used should be Mono PERC and be warranted for their output peak watt capacity at not less than 90% at the end of 10 years and 80% at the end of 25 years.</p>
<p>The modules must be warranted for at least 10 years for material defects and workmanship failures.</p>
<p>In May last year, BSPGCL has <a href="https://www.mercomindia.com/consultancy-250-mw-solar-project-battery-storage-bihar/" target="_blank" rel="noopener">invited</a> bids to select consultants to develop 200 to 250 MW solar projects with battery energy storage systems in Bihar.</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>


Bihar Invites Bids to Commission 10 MW Floating Solar Project

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