Haryana seeks bids to procure 500 MW of solar power
POWER & RENEWABLE ENERGY

Haryana seeks bids to procure 500 MW of solar power

In order to deliver 500 MW of solar electricity from grid-connected solar projects in Haryana, the Haryana electricity Purchase Center (HPPC), a joint forum of the Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN), has issued an invitation for bids.

The deadline for submitting online bids is May 24, 2023. The following day, the bids will be opened. As a bid processing cost, bidders must deposit Rs 10 million ($121.87)/MW plus 18% GST. They must additionally provide an earnest money deposit of Rs 80 billions ($9,749/MW).

After issuing the Letter of Intent and prior to signing the power purchase agreement (PPA), the successful bidder will be required to provide a bank guarantee in the amount of $2 million (or $24,373/MW).

For the tender, HPPC has set a ceiling rate of 3.38 ($0.041)/kWh.

With the winning bids, HPPC will sign PPAs that will last 25 years from the solar projects' start of commercial operation.

After the PPA is signed, the solar developer has 18 months to complete the project.

According to the terms of the PPA that will be signed between the solar power developer and HPPC, the developer will be in charge of the design, financing, acquisition of land, engineering, acquisition, construction, operation, and maintenance of the projects. The 500 MW total capacity of the projects that will be chosen under this contract may be put anywhere in Haryana with a maximum of 10 MW coming from a single developer. To reduce technology risk and complete project commissioning on schedule, only commercially viable and operational technologies can be chosen.

The net worth of bidders should not be less than Rs 10 million ($121,866)/MW of the quoted capacity for the most recent fiscal year. Either bidders must have internal resource generation capability in the form of profit before depreciation, interest, and taxes for at least Rs 1 million (or $12,187)/MW of the quoted capacity during the previous financial year, or bidders must have a minimum annual turnover of at least Rs 5 million (or $60,933)/MW of the quoted capacity.

Alternatively, bidders must obtain a letter of in-principle approval from a lender committing a Line of Credit for at least $1.25 million (about $15,233) per MW of the specified capacity toward the project's need for working capital.

The winning bidder will be solely responsible for obtaining grid connectivity and ongoing access from the distribution firms. There should be a minimum declared yearly capacity utilization factor of 21%.

The solar modules that will be utilized for the projects must have a warranty for their peak output wattage, which cannot be less than 90% after ten years and 80% after 25 years from the planned start of commercial operation.

The Ministry of New and Renewable Energy's Approved List of Models and Manufacturers should be used to source the solar modules for the project.

To develop and commission 121 MW of grid-connected solar power projects at Faridabad (78 MW), Panipat (25 MW), and Yamuna Nagar (18 MW), the Haryana Power Generation Corporation issued a bid invitation in June of last year.

See also:
MSEDCL releases tender for 615 MW Solar Power Projects
Maharashtra seeks Bids for a 62 MW Solar Project

In order to deliver 500 MW of solar electricity from grid-connected solar projects in Haryana, the Haryana electricity Purchase Center (HPPC), a joint forum of the Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN), has issued an invitation for bids.The deadline for submitting online bids is May 24, 2023. The following day, the bids will be opened. As a bid processing cost, bidders must deposit Rs 10 million ($121.87)/MW plus 18% GST. They must additionally provide an earnest money deposit of Rs 80 billions ($9,749/MW). After issuing the Letter of Intent and prior to signing the power purchase agreement (PPA), the successful bidder will be required to provide a bank guarantee in the amount of $2 million (or $24,373/MW). For the tender, HPPC has set a ceiling rate of 3.38 ($0.041)/kWh. With the winning bids, HPPC will sign PPAs that will last 25 years from the solar projects' start of commercial operation. After the PPA is signed, the solar developer has 18 months to complete the project. According to the terms of the PPA that will be signed between the solar power developer and HPPC, the developer will be in charge of the design, financing, acquisition of land, engineering, acquisition, construction, operation, and maintenance of the projects. The 500 MW total capacity of the projects that will be chosen under this contract may be put anywhere in Haryana with a maximum of 10 MW coming from a single developer. To reduce technology risk and complete project commissioning on schedule, only commercially viable and operational technologies can be chosen. The net worth of bidders should not be less than Rs 10 million ($121,866)/MW of the quoted capacity for the most recent fiscal year. Either bidders must have internal resource generation capability in the form of profit before depreciation, interest, and taxes for at least Rs 1 million (or $12,187)/MW of the quoted capacity during the previous financial year, or bidders must have a minimum annual turnover of at least Rs 5 million (or $60,933)/MW of the quoted capacity. Alternatively, bidders must obtain a letter of in-principle approval from a lender committing a Line of Credit for at least $1.25 million (about $15,233) per MW of the specified capacity toward the project's need for working capital. The winning bidder will be solely responsible for obtaining grid connectivity and ongoing access from the distribution firms. There should be a minimum declared yearly capacity utilization factor of 21%. The solar modules that will be utilized for the projects must have a warranty for their peak output wattage, which cannot be less than 90% after ten years and 80% after 25 years from the planned start of commercial operation. The Ministry of New and Renewable Energy's Approved List of Models and Manufacturers should be used to source the solar modules for the project. To develop and commission 121 MW of grid-connected solar power projects at Faridabad (78 MW), Panipat (25 MW), and Yamuna Nagar (18 MW), the Haryana Power Generation Corporation issued a bid invitation in June of last year. See also: MSEDCL releases tender for 615 MW Solar Power ProjectsMaharashtra seeks Bids for a 62 MW Solar Project

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?