Jindal Steel Floats RE Tender to Procure Max 224 MW

Highlights :

  • The deadline for bid submission is November 30, 2021. Tenders will be opened on December 5, 2021.
  • The applicant must submit a bid for a minimum of 80 MW.

Jaipur-based Jindal Steel has released a new tender, inviting bids for the procurement of 224 MW of renewable power (solar and non-solar) for interstate or intrastate trading through the open access route. The company aims to meet its additional power requirements due to the expansion of its plant capacity from December 1, 2022, to November 30, 2025.

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The deadline for bid submission is November 30, 2021. Tenders will be opened on December 5, 2021.

According to the tender document floated by Jindal Steel, power will be procured by the company from generators, state electricity boards, independent power producers, and traders who possess a valid interstate or intrastate trading license issued by the Central Electricity Regulatory Commission (CERC) or state electricity regulatory commissions.

Interested power generators and traders must fulfil the eligibility criteria as specified by the company in the tender details. The necessary qualifications for successful application include the following:

  • The applicant must submit a bid for a minimum of 80 MW.
  • Bidders are required to furnish an amount of Rs.10,000 per MW of the quoted bid as the earnest money deposit. After being selected, the bidder must submit an amount of Rs. 200,000 per MW per month for the duration of the contrsact within seven days from the date of being selected.
  • Additionally, successful bidders are required to book the open access transmission corridor to either the regional load dispatch center (RLDC) or state load dispatch center (SLDC). The timely filing of the open access application before the nodal RLDC or SLDC and coordinating with them is critical for the applicants to obtain consent. The company will be responsible for fulfilling the task.
  • As per the approved open access on a monthly basis, Jindal Steel states that the successful bidder should ensure that the power schedule does not deviate by more than 15% of the contracted power.
  • In the event of the deviation exceeding 15% of the contracted energy for which free access had been allowed every month, the successful bidder would have to submit compensation at the rate of Rs. 1/kWh or the differential ex-bus tariff for the power obtained through other sources, depending on whichever amount is greater.

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Soumya Duggal

Soumya is a master's degree holder in English, with a passion for writing. It's an interest she has directed towards environmental writing recently, with a special emphasis on the progress being made in renewable energy.

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