Manipur invites bids for 100 MW grid-connected solar

Manipur Renewable Energy Development Agency (MANIREDA), an autonomous agency under the state’s power department, has invited bids to develop 100 MW of grid-connected solar power projects at Jiribam in Manipur.

The salient details of Manipur’s the solar bid invitation are:

• The last date to submit the bids online is January 15. 

• Bids will be opened on the same day.  

• The pre-bid meeting will be held on January 5. 

• The ceiling tariff to bid is Rs 3 / kWh.

• Any bidder from a country that shares a land border with India will be eligible to participate in the tender.

• The project should be designed for interconnection with the 132/33 kV substation at the voltage level of 132 kV.

• The successful bidder will have to submit an amount of Rs 800,000 per MW as performance bank guarantee. 

• The projects must be scheduled to commission within 18 months from the date of the signing of power purchase agreements (PPA).

Technical stipulations

The declared annual capacity utilisation factor (CUF) should not be less than 17%. The bidder should maintain generation to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from the commissioning date. The annual CUF should remain at a minimum of 15% and within +10% and -20% of the declared value of the yearly CUF after that till the end of the PPA duration of 25 years.

The bidder should use only commercially established and operational technologies. The bidder has to confirm the selection of technology at the time of financial closure. The cells and modules used in the project should be sourced only from models and manufacturers included in the Approved List of Models and Manufacturers (ALMM), as published by the Ministry of New and Renewable Energy (MNRE).

Eligibility

The bidder’s net worth should be greater than or equal to Rs 8 million of the quoted capacity as of the date of the last financial year. The bidder’s minimum annual turnover should be Rs 4.15 million per MW of the quoted capacity seven days before the bid submission deadline. The internal resource generation capability in the form of Profit Before Depreciation Interest and Taxes (PBDIT) should be for a minimum amount of Rs 830,000 per MW of the quoted capacity, as on the last date of the previous financial year. The bidder should also have the approval letter from the lending institutions, committing a line of credit for a minimum amount of Rs 1.036 million per MW of the quoted capacity, towards meeting the working capital requirement of the project.

In September this year, MANIREDA invited bids for consultative works for 100 MW of solar power projects. 

Source: Mercom India