NTPC Floats Tender for 1200 MW ISTS-Connected Wind-Solar Hybrid Power Projects
NTPC has issued a tender for the supply of 1200 MW power from ISTS-connected wind-solar hybrid power projects anywhere in India with greenshoe option of additional capacity up to 600 MW (hybrid-03).
November 05, 2024. By Mrinmoy Dey
After conclusion of bidding process NTPC will enter into Power Purchase Agreement (PPA) with the selected Bidders, for purchase of hybrid power for a period of 25 years.
The minimum bid capacity will be 50 MW and in multiples of 10 MW thereafter. “The maximum capacity to be allotted to a single bidder shall be 600 MW excluding capacity under greenshoe option, if any. Accordingly, the cumulative capacity offered by a bidder should not exceed 600 MW,” mentioned the RfS document.
Bidders need to pay INR 22,500 as cost of RfS documents. Additionally, all bids must be accompanied by Earnest Money Deposit for an amount calculated at the rate of INR 11.60 Lakh per MW.
Bidders also need to pay bid processing fees which varies as per capacity applied. For 50 MW, they need to pay INR 3 lakh. The bid processing fees for the slab above 50 MW to 100 MW, above 100 MW to 250 MW, above 250 MW to 500 MW and above 500 MW will be INR 5 lakh, INR 10 lakh, INR 20 lakh and INR 30 lakh, respectively. Further, GST at 18 percent will be applicable for all the above processing fees.
Selected bidders also need to furnish INR 29 lakh/MW as performance bank guarantee before signing the PPA.
The last date for submission of bids is December 2, 2024 till 3:00 PM. The technical bids will be opened at 3:30 PM on December 2, 2024.
As per the RfS document, the bidders are free to locate their hybrid project(s) anywhere in India on the land to be identified and purchased/leased by the bidder. The solar and wind projects of the hybrid project may be located at same or different locations.
Only commercially established and operational technologies to minimize 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 Manufacturers (RLMM) issued by MNRE as updated until the scheduled commencement of supply date of the projects will be allowed for deployment,” mentioned the RfS document.
The net worth of the bidder as on the last day of the preceding financial year or as on the day at least 7 days prior to the date of technical bid opening should be equal to or greater than INR 1.146 crore/MW of the quoted capacity.
The bidder should have a minimum annual turnover of INR 61.54 lakh/ MW of the quoted capacity during the preceding financial year or as on the day at least 7 days prior to the date of technical bid opening.
Further, the bidder must possess internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT) for a minimum amount of INR 12.308 lakh/ MW of the quoted capacity, as on the last date of preceding financial year, or as on the day at least 7 days prior to the bid submission deadline.
Additionally, the bidders need to furnish in-principle sanction letter from the lending institutions/ banks of the bidder, committing a Line of Credit for a minimum amount of INR 15.385 lakh/MW of the quoted capacity, towards meeting the working capital requirement of the project.
please contact: contact@energetica-india.net.
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