+
BPCL invites bids for 15 MW open-access renewable power
POWER & RENEWABLE ENERGY

BPCL invites bids for 15 MW open-access renewable power

Bharat Petroleum Corporation Ltd (BPCL) has floated a tender for supplying 15 MW solar or non-solar open-access renewable power to BPCL and its Mumbai Refinery at Mahul.

According to the tender and Power Purchase Agreement (PPA), the work for the supplier includes evacuation of solar or non-solar renewable power from the generating source to the delivery point.

The bidders are obligated to bid a minimum for a 15 MW solar or non-solar renewable power on a round-the-clock basis and scheduled delivery from 1 July 2021. The tender will be valid from 1 July 2021 to 31 March 2022.

The deadline for submission of the bid is 23 June 2021, along with a pre-bid meeting scheduled for 10 June 2021.

For eligibility, the bidder should own and operate generating units with an installed capacity equal to twice the contract capacity and supply the contract capacity to the company on a round-the-clock basis. According to the tender document, the estimate of the final power capacity is to be procured around 98.64 million units (MU).

As mentioned in the PPA, interested bidders should submit a bank guarantee within seven days of signing the agreement of issue of the letter of intent (LoA). The bank guarantee should be equal to Rs 0.45 per kWh for the purchase obligation of the renewable power target to twice the unit estimated to be supplied through PPA.

The interested bidders will be eligible if their net worth is at least Rs 0.5 crore per MW of the contract capacity, which amounts to Rs 2.25 crore in each of the last three FYs. The average turnover of the bidder in the last three FYs should not be less than Rs 10.62 crore.

Image Source


Also read: IREDA extends bid submission date for CPSU solar projects

Also read: Renewable energy capacity surged over 250% in 6-7 years: Narendra Modi

Bharat Petroleum Corporation Ltd (BPCL) has floated a tender for supplying 15 MW solar or non-solar open-access renewable power to BPCL and its Mumbai Refinery at Mahul. According to the tender and Power Purchase Agreement (PPA), the work for the supplier includes evacuation of solar or non-solar renewable power from the generating source to the delivery point. The bidders are obligated to bid a minimum for a 15 MW solar or non-solar renewable power on a round-the-clock basis and scheduled delivery from 1 July 2021. The tender will be valid from 1 July 2021 to 31 March 2022. The deadline for submission of the bid is 23 June 2021, along with a pre-bid meeting scheduled for 10 June 2021. For eligibility, the bidder should own and operate generating units with an installed capacity equal to twice the contract capacity and supply the contract capacity to the company on a round-the-clock basis. According to the tender document, the estimate of the final power capacity is to be procured around 98.64 million units (MU). As mentioned in the PPA, interested bidders should submit a bank guarantee within seven days of signing the agreement of issue of the letter of intent (LoA). The bank guarantee should be equal to Rs 0.45 per kWh for the purchase obligation of the renewable power target to twice the unit estimated to be supplied through PPA. The interested bidders will be eligible if their net worth is at least Rs 0.5 crore per MW of the contract capacity, which amounts to Rs 2.25 crore in each of the last three FYs. The average turnover of the bidder in the last three FYs should not be less than Rs 10.62 crore.Image SourceAlso read: IREDA extends bid submission date for CPSU solar projects Also read: Renewable energy capacity surged over 250% in 6-7 years: Narendra Modi

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code