ITI Limited has issued a tender to procure solar power for one of its premises in Bengaluru through a long term PPA under the 3rd party Open Access model.
ITI Limited, India’s first PSU, plans to enhance the use of renewable energy in its Data centre facility to bring it under the “Green Data Centre” tag which will contribute towards cutting carbon emission in the environment. Towards this, it has now issued a tender to procure solar power from a reputed developer for one of its premises in Bengaluru through a long term Power Purchase Agreement (PPA) under the 3rd party Open Access model.
ITI Limited is planning to procure the solar power for its internal consumption, with the aggregate requirement of power being 80,00,000 (8M) units per year approximately.
As per the tender, the Solar Power Developer (SPD) or the Private Partner will set up the plant on GCOA (Group Captive Open Access) Model, bearing the total project cost including design, supply/manufacturing, erection and commissioning of the plant and undertaking operation & maintenance of the plant throughout the concession period.
ITI Limited will purchase solar power generated by the plant for its internal consumption, on a pre-determined tariff as will be outlined in the Power Purchase Agreement (PPA). The Lock-in period shall be a period of 7 years, after which the developer and ITI Limited will have options either to continue or decommission the plant.
ITI Limited will purchase Solar power produced equivalent to its internal consumption with no annual escalation at a pre-determined tariff, which will necessarily be less than the prevailing purchase rate at the location of the project.
The Scheduled Commercial Operation Date (SCOD) shall be 180 days from the date of PPA including KPTCL/BESCOM and other statutory approvals as per the PPA or supply from the other commissioned plant where the bidder to facilitate the short term PPA with his energy supply partners/ generators till the commission of the plant will consider as preferential bidder.
To be eligible, the bidder should have owned, installed and commissioned at least 10 MW of ground-mounted solar projects in the state of Karnataka till December 31, 2020. And should have a business revenue of Rs 10 crore in each of the last two financial years. Additionally, the bidders should also have a minimum annual turnover of at least Rs 10 crore during the same period.
The last date for bid submission is March 20, 2020, and the date of opening of tender is March 21, 2020. A pre-bid meeting has been scheduled for March 16, 2020, to address the concerns raised by the prospective bidders. The estimated cost of the tender is Rs 8 crore and all bidders must submit an Earnest Money Deposit of Rs 16 lakh along with their bids.