SECI has issued an RfS for setting up of 14 MW solar power plants with 42 MWh Battery Energy Storage Systems in Leh and Kargil
The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for setting up of 14 MW solar power plants with 42 MWh Battery Energy Storage Systems in Ladakh. The projects will be developed at Leh and Kargil as 7 MW/ 21 MWh projects each under the Prime Minister Development Package (PMDP).
The proposals have been invited for setting up the solar projects on a “Build Own Operate” basis. And the projects selected based on this RfS shall be given “Viability Gap Funding” (VGF) in line with the terms and conditions of this RfS. The Bidder selected based on this RfS shall have to sign a VGF Securitisation Agreement (VGFSA) with SECI.
The upper limit for VGF to be quoted by a bidder has been kept at Rs 13 crore for 1 MW solar PV power project with a battery storage of 3 MWh. The bidding will be carried out by SECI based on the VGF requirement to be quoted by the Bidders for setting up of the Project. The project will be awarded to the Bidder who has quoted the lowest VGF.
As per the RfS, the buying entity shall enter into Power Purchase Agreement (PPA) with the selected bidder for the purchase of solar power for a period of 25 years as per the terms, conditions, and provisions of the RfS. The maximum levelised tariff payable to the Project Developer is fixed at Rs 2/kWh for a period of 25 years.
The land for setting up of solar projects with battery storage will be facilitated and made available to the SPD by Ladakh Renewable Energy Development Agency (LREDA) and Kargil Renewable Energy Development Agency (KREDA) separately, given under “Right-to-Use” to the SPD. The scope of SPD also includes setting up of power evacuation system including step-up transformer, transmission lines, etc.
The last date for bid submission is March 16, 2019, and the techno-commercials bids will be opened on the same date. A pre-bid meeting has been scheduled for February 17, 2019, to address the concerns raised by the prospective bidders. All bidders must submit an Earnest Money Deposit of Rs 1.96 crore along with their bids.
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