SJVN announces a Request for Selection (RfS) for solar power developers to establish 1200 MW ISTS-connected Solar PV Power Projects across India under Tariff-Based Competitive Bidding. The selected bidders will enter into a Power Purchase Agreement (PPA) with SJVN for a 25-year period. The RfS outlines project criteria, bidding process, and financial requirements.
Key Points:
- Project Details:
- SJVN seeks proposals for 1200 MW ISTS-connected Solar PV Power Projects across India.
- Power purchase agreements will be signed for a 25-year duration based on the terms outlined in the RfS and PPA.
- Bidder Requirements:
- Bidders must offer a project capacity between 50 MW and 600 MW, with a minimum of 30 MW for projects in North-Eastern States and Special Category areas.
- Projects must comply with specified criteria, including not being accepted under any State or Central Scheme and not having obligations to sell power to beneficiaries.
- Selection Process:
- Bidders will undergo a two-stage e-bidding process, including a Technical Bid and a Financial Bid, followed by an e-reverse auction process for final selection.
- Electronic tendering will be conducted through the ISN Electronic Tender Services Ltd. portal.
- Financial Requirements:
- Non-refundable RfS Document Fee: INR 29,500/-
- Bid Processing Fee: Rs. 15 Lakh + 18% GST per Project, to be submitted along with the response to RfS.
- Earnest Money Deposit (EMD): INR 9,42,000/- per MW per Project, subject to a maximum of INR 20 Crore, to be submitted in the form of a Bank Guarantee.
- Pre-Bid Meeting:
- Scheduled for 10.05.2024 at 11:00 Hrs at Conference Room, SJVN Ltd., New Delhi.
- Submission Deadline:
- Online bids must be submitted by 17.06.2024 till 18:00 Hrs.
This RfS presents an opportunity for solar power developers to contribute to India’s renewable energy goals while adhering to competitive bidding and procurement processes outlined by SJVN.
