REC Power Development and Consultancy Limited has Invites bids for the establishment of 250 MW ISTS-Connected Solar (PV) Power Projects in India through Tariff-based Competitive Bidding. Additionally, there is a Greenshoe option available, allowing for an additional capacity of 250 MW.
These initiatives are part of the Scheme aimed at enhancing flexibility in Generation and Scheduling of Thermal/Hydro Power Stations by integrating Renewable Energy and Storage Power.
The deadline for bid submission is March 12, 2024, with bid openings scheduled for the following day.
Interconnection at the ISTS requires a minimum voltage of 220 kV, and the solar power developer will be responsible for land acquisition and connectivity setup.
The tender fee, including GST, is ₹29,500. Bidders must also submit a bid processing charge of ₹1.5 lakh + 18% GST.
An earnest money deposit (EMD) of ₹900,000/MW per project is required from bidders.
To sign the power purchase agreement, successful bidders must present a performance bank guarantee of ₹17.5 lakhs/MW within seven working days.
Bidders must have successfully commissioned solar power generation projects of at least 500 MW. Additionally, within the last five years from the bid deadline, they must have commissioned a single project with a minimum capacity of 200 MW.
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