BPCL Floats Tender For 15 MW of Open Access Renewable Power

Oil and Gas major  Bharat Petroleum Corporation Limited (BPCL) has floated a tender for the supply of 15 MW of solar or non-solar Renewable Power under open access to BPCL and its Mumbai Refinery at Mahul.

According to the tender document and Power Purchase Agreement (PPA), the scope of work for supplier includes evacuating solar or non-solar renewable power from the generation source up to the delivery point.

Interested bidders are obligated to bid for a minimum of 15 MW solar or non-solar renewable power on a round-the-clock basis with scheduled delivery from July 1, 2021. The contract will only be valid from July 1, 2021, to March 31, 2022.

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The last date of bid submission is June 23, 2021, along with a pre-bid meeting, which has been scheduled for June 10, 2021.

To be eligible for the bidding, the bidder should own and operate generating units with an installed capacity equivalent to at least twice the contract capacity and supply the contract capacity to the company on a round-the-clock basis. According to the document, the estimated final power capacity to be procured is around 98.64 MU (million units).

The interested bidder is expected to submit a bank guarantee as mentioned in the PPA within seven days of signing the agreement or issuing the letter of intent (LoA). The bank guarantee to be submitted should be equal to Rs. 0.45/kWh for the renewable purchase obligation target agreeing to twice the units estimated to be supplied through this PPA.

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All the interested bidder will be found eligible if their net worth should be at least Rs. 0.5 Crore/MW of the contracted capacity, which amounts to Rs. 2.25 crores in each of the last three fiscal years. The bidder’s average annual turnover during the last three fiscal years should not be less than Rs. 10.62 Crore.