HomeRenewable energy ›SECI Invites Bids for 4.125 MW Solar PV Projects at IIT Kharagpur

SECI Invites Bids for 4.125 MW Solar PV Projects at IIT Kharagpur

Solar Energy Corporation of India Ltd. (SECI) has issued a tender to select solar power developers for setting up 4.125 MW grid-connected solar PV projects at IIT Kharagpur under RESCO mode. Bid submission ends on January 3, 2025.

November 30, 2024. By Mrinmoy Dey

Solar Energy Corporation of India Ltd. (SECI) has floated a tender to select solar power developers for setting up 4.125 MW grid-connected solar PV projects in IIT Kharagpur Campus under RESCO mode through tariff-based competitive bidding.

The project includes about 2900 kW of rooftop capacity, 1000 kW of ground-mounted capacity and 225 kW of elevated structure capacity. The maximum tariff quoted should be INR 4.9/kWh.

The projects need to be completed within 9 months from the date of signing the PPA.

Bidders need to pay INR 6,000 as bid processing fee. Bidders also need to furnish INR 37.12 lakh in the form of BG/PoI/insurance surety bond.
Selected bidders need to submit a Performance Guarantee for a value of INR 33.75 lakh/MW 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 13.50 lakh/MW (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 online submission of bids is January 3, 2025. Techno-commercial bids will be opened on January 8, 2024.

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 3.71 crore 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 4.64 crore 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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