HomeRenewable energy ›SECI Invites Bids for 2112 kW Grid-Connected Solar PV Projects

SECI Invites Bids for 2112 kW Grid-Connected Solar PV Projects

Solar Energy Corporation of India Ltd. (SECI) has floated a tender for 2.112 MW grid-connected solar PV projects at four institutes under RESCO mode through tariff-based competitive bidding.

December 02, 2024. By Mrinmoy Dey

Solar Energy Corporation of India Ltd. (SECI) has issued a tender to select solar power developers for setting up 2112 kW grid-connected solar PV projects under RESCO mode through tariff-based competitive bidding.

It involves four projects involving four institutes with varying capacities.
  • Project-1 at the International Centre for Genetic Engineering and Biotechnology (ICGEB), New Delhi is for 335kW.
  • Project-2 at National Sanskrit University, Tirupati is for 177 kW.
  • Project-3 at the National Institute of Technology, Calicut, Kerala is for 1200 kW.
  • Project-4 at the National Institute of Technology, Raipur, Chhattisgarh is for 400 kW.
The projects need to be completed within 9 months from the date of signing the PPA.

The bidder needs to pay INR 6,000 as a tender fee. They also need to furnish an earnest money deposit (EMD) of INR 3.01 lakh for Project-1, INR 1.59 lakh for Project-2, INR 10.80 lakh for Project-3, and INR 3.60 lakh for Project-4.

Selected bidders need to submit a Performance Guarantee for a value of INR 3,375/kW corresponding to the cumulative project capacity for which the PPA is being signed prior to signing of the PPA.

The selected bidder shall also pay service charges of INR 1,350/kW (plus applicable taxes) to SECI towards administrative overheads, coordination with the client organization, Government authorities and others, pre-commissioning and commissioning expenses, as applicable.

The last date for the online submission of bids is January 2, 2025. The techno-commercial bids will be opened on January 7, 2025.

The tender specifies that the declared annual CUF shall in no case be less than 15 percent.

The tender proposes to promote only commercially established and operational technologies to minimise the technology risk and to achieve timely commissioning of the project.

The net worth of the bidder should be equal to or greater than INR 30.15 lakh for Project-1, INR 15.93 lakh for Project-2, INR 1.08 crore for Project-3, and INR 36 lakh for Project-4 as on the last date of the previous Financial Year, i.e., FY 2023-24 or as on the day at least 7 days prior to the bid submission deadline.

The bidder should have a minimum working capital of INR 37.68 lakh for Project-1, INR 19.91 lakh for Project-2, INR 1.35 crore for Project-3, and INR 45 lakh for Project-4 as on the last date of the previous Financial Year, i.e., FY 2023-24 or as on the day at least 7 days prior to the bid submission deadline.
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