Bharat Heavy Electricals (BHEL) has announced that bids are being invited to select a solar project developer for the establishment of a 2 MW grid-connected solar power project at BHEL's Campus in Ramachandrapuram, Hyderabad. The project will be executed on a Build Own Operate and Transfer (BOOT) basis. It was mentioned that the deadline for bid submission is July 18, 2023, and bids will be opened on the same day. The responsibilities encompassed within the project involve the design, construction, synchronisation, startup, operation, and maintenance of the solar power project. Additionally, the selected developer will be responsible for supplying the generated electricity to BHEL for a duration of 25 years. The project also entails the development of a power evacuation network, designed to interconnect with the 11 kV system at New Pipe and Plate Yard in BHEL Township. Interested bidders are required to submit an earnest money deposit of Rs 1 million. Upon successful bid selection, the developer must provide a performance bank guarantee (PBG) amounting to Rs 6 million before signing the Power Purchase Agreement (PPA). This must be done within 21 days from the issuance of the letter of intent or earlier. The PBG should be submitted in two parts, with the first part valued at Rs 1.2 million and the second part valued at Rs 4.8 million. It is mandatory for bidders to submit bids for the entire capacity of the project. The selected bidder will enter into a Power Purchase Agreement (PPA) with BHEL, which will have a duration of 25 years. The project's commissioning must be completed within six months from the effective date of the PPA. In the event of surplus power generation by the solar power plant, BHEL has the authority to directly purchase the excess power. Furthermore, BHEL retains the discretion to sell any excess power to the distribution company. BHEL will provide the identified land for the project to the successful bidder under the Right-to-Use based on free of cost arrangement. Also read: Odisha invites bids to solarise 43 govt buildings AGEL to raise Rs 12k crore to repay debt, boost capex