Noida Power Company Invites Bids to Procure 300 MW Wind-Solar Hybrid Power
Noida Power Company Ltd. (NPCL) has issued a tender for the long-term procurement of 300 MW wind-solar hybrid power under a tariff-based competitive bidding process, with projects to be developed on a build, own, and operate (BOO) basis anywhere in India. Bid submission ends on November 30, 2024.
November 15, 2024. By Mrinmoy Dey
The project should be set up on a build, own and operate (BOO) basis. NPCL will enter into a 25-year power purchase agreement (PPA) with the successful bidders.
Bidders who have already commissioned wind solar hybrid power plants or are in process of constructing such plants and have untied capacity may also participate under this RfS.
Bid submission ends on November 30, 2024.
Bidder shall submit bid proposal along with non-refundable RfS document fees of INR 29,500, bid processing fees of INR 5 lakh (plus 18 percent GST) for each project from 50 MW up to 99 MW and INR 15 lakh (plus 18 percent GST) for each project from 100 MW and above Bidders also need to furnish an earnest money deposit (EMD) of INR 20 lakh per MW.
Selected bidders need to submit Performance Guarantee for a value of INR 40 lakh per MW.
A bidder, including its parent, affiliate or ultimate parent or any group company can submit a single bid offering a minimum quantum of contracted capacity of 50 MW and maximum quantum of 300 MW.
“The declared annual CUF shall not be less than 50 percent. HPD shall maintain energy supply so as to achieve annual supply corresponding to CUF not less than 90 percent of the declared value (i.e., minimum CUF) and not more than 120 percent of the declared CUF value (i.e., maximum CUF), during the PPA duration of 25 years,” noted the tender document.
It is proposed to promote only commercially established and operational technologies to minimise the technology risk and to achieve timely commencement of power supply from the projects.
“In order to ensure only quality systems are installed, and in order to bring-in advantage of latest development/models, the type certified wind turbine models listed in Revised List of Models and Manufactures (RLMM) issued by MNRE as updated until the SCSD of the Project will be allowed for deployment,” noted the tender document.
It further added that the modules used in the project under this RfS should have been included in the List-I of Approved List of Models and Manufacturers (ALMM) issued by MNRE.
As for financial eligibility, the net worth of the bidder should at least be equivalent to INR 2 crore per MW of the quoted capacity. A minimum annual turnover of the bidder or its affiliates or parent/ultimate parent of INR 2 crore per MW of the quoted contracted capacity during the previous financial year, 2023-24 or as on the day at least 7 days prior to the bid submission deadline, is required.
Bidders need to have internal resource generation capability, in the form of Profit After Tax plus Depreciation, excluding other and exceptional income for a minimum amount of INR 75 lakh per MW of the quoted capacity, as on the last date of previous financial year, 2023-24, or as on the day at least 7 days prior to the bid submission deadline.
please contact: contact@energetica-india.net.
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