Gujarat-Based Torrent Power Retenders 300 MW of Solar Power to Meet its RPO
The last date for bid submission is September 4, 2019
August 2, 2019
Gujarat-based Torrent Power Limited (TPL) has issued a Request for Selection (RfS) for the purchase of power from 300 MW of solar power projects in the state. This procurement will help Torrent Power achieve its Renewable Purchase Obligation (RPO).
The last date for the submission of the bids is September 4, 2019, with technical and financial bidding scheduled for September 5 and September 12, 2019, respectively.
Interested bidders need to pay an amount of ₹1 million (~$14,466) as the earnest money deposit (EMD).
The cost of the RfS document (non-refundable) is ₹25,000 (~$362) along with 18% GST.
According to Torrent Power, interested bidders should have operational or under execution solar projects of at least 50 MW to participate in this tender.
The tender further states that for the financial year 2018-2019, the net worth of the bidder should not be less than ₹15 million (~$0.22 million). The annual turnover of the bidder for the financial year 2018-19, should not be less than ₹20 million (~$0.29 million).
Regarding the technical parameter for solar PV modules and other components, the company has stated that all the components of the solar PV project should be in accordance with the technical standards set by International Electrotechnical Commission (IEC) or the Bureau of Indian Standards (BIS).
Each solar module and cell used in the solar power project must use a Radio Frequency identification tag with the name of the manufacturer.
Torrent has also specified that all projects should be installed with the necessary equipment to continuously measure solar radiation, ambient temperature, wind speed, and other weather parameters.
Last week, Mercom reported that the Gujarat Electricity Regulatory Commission (GERC) approved Torrent’s proposed deviations to the competitive bidding guidelines for procuring power from grid-connected solar projects.
In February 2019, the company had issued RfS for the procurement of up to 300 MW of power from grid-connected solar PV power projects in Gujarat which was later updated with GERC approval for deviation in competitive bidding guidelines.
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.