Amendments to Guidelines for Tariff Based Bidding on Solar Projects

MNRE has made amendments to the guidelines for the bidding process of solar photovoltaic projects. Issuing changes in the bid submission deadline, the period of financial closure and commissioning period

 

The Ministry of New and Renewable Energy (MNRE) has issued a notification with amendments to the guidelines for the tariff-based competitive bidding process for procurement of power from grid-connected solar PV power projects.

The guidelines for the tariff-based competitive bidding process for procurement of power from grid-connected solar PV power projects were first issued on 3rd August 2017 and have since been amended only once before on 15th June 2018.

The Ministry has made the following amendments to the guidelines for the competitive bidding process of solar PV projects:

  1. In the bidding process, a minimum period of 22 days shall be allowed between the issuance of RfS documents and the last date of bid submission. And under normal circumstances, the bidding process is likely to be completed in a period of 110 (one hundred ten) days.
  2. Solar Power Generator shall attain the financial closure in terms of the Power Purchase Agreement (PPA), within 9 months from the date of execution of the PPA for projects being set up in Solar park, and within 12 (twelve) months from the date of execution of the PPA for projects being set up outside Solar park.
  3. The projects shall be commissioned, within a period of 15 months from the date of execution of the PPA, for projects being set up in Solar park, and within a period of 18 months from the date of execution of the PPA, for projects being set up outside Solar park.

For more information click here.

Ayush Verma

Ayush Verma

Ayush is a sub-editor at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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