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The Solar Energy Corporation of India (SECI), has requested bids for the development of 1,200 MW (1.2 GW) of the interstate transmission system (ISTS)-connected wind power projects (Tranche XIII) in India.
While the deadline for proposals is February 18, 2022, a digital pre-bid conference has been arranged for January 21.
Bidders must provide an earnest money deposit of Rs 1.32 million/MW. Furthermore, before finalizing the power purchase agreements, the selected bidder must offer a performance bank guarantee of Rs 3.31 million/MW for each project.
The scope of work comprises locating land, installing and owning the project, gaining connectivity and long-term access, and securing the appropriate approval and linkage with the ISTS network to deliver electricity to SECI.
Bidders must cite capacity in multiples of ten megawatts (MW) and may submit a single bid with a minimum capacity of 50 MW and the highest capacity of 1,200 MW.
Wind project developers will be responsible for acquiring the necessary land to put up the projects. SECI shall not be held liable for that in any way.
Bidders’ net worth should be Rs 13.26 million/MW of mentioned capacity in order to participate in the competitive bidding process while having a minimum annual revenue of Rs 5.18 million/MW of specified capacity as of the end of the preceding fiscal year
During the previous fiscal year, the internal resource generating capacity should have been at least Rs 1.03 million/MW of the quoted capacity in terms of profit before depreciation, interest, and taxes.
To satisfy the project’s working capital requirements, the bidder must obtain an in-principle permission letter from the financial institutions pledging a ‘Line of Credit’ for a minimum of Rs. 1.29 million/MW of the stated capacity.
Only approved wind turbine types listed on the Ministry of New and Renewable Energy’s (MNRE) ‘Revised List of Models and Manufacturers’ will be eligible for deployment under the programme, and therefore, applicants have to give details on the wind turbine that will be put in the project at the time of financial culmination.
The stated annual capacity utilization factor (CUF) must be more than 22%. During the 25-year PPA period, wind developers must sustain generation to reach yearly CUF of no less than 80% of the stated value and no more than 120% of the declared CUF.
