NTPC invites bids for 1,500 MW wind-solar hybrid projects
POWER & RENEWABLE ENERGY

NTPC invites bids for 1,500 MW wind-solar hybrid projects

NTPC has floated a tender for setting up 1,500 MW of interstate transmission system-connected wind-solar power projects across India. The deadline for submitting online bids is October 17, 2023. Bids will be opened on the same day.

The minimum capacity of each project on a site must be 50 MW> Bidders have to pay Rs 300,000 [USD 3,064] + GST ​​​​​as bid processing fee for capacity up to 50 MW, USD 6,008 + GST ​​​​​​for capacity above 50 MW and up to 100 MW, Rs 1 million [USD 12,016 + GST] for capacity above 100 MW and up to 250 MW, Rs 2 million [USD 24,033] + GST ​​​for capacity above 250 MW and up to 500 MW and 3 million Rs [36,049 USD] + TPS for capacity greater than 500 MW. Contractors must pay Rs 1.16 million [US$13,939]/MW as deposit in advance.

The PPA will be signed between NTPC and the successful bidders through the signing of power purchase agreements with state-owned power distribution companies for the identified capacity. Only commercially established and operational technologies should be used to minimize technology risks and enable timely start-up of power delivery to projects. To qualify, the net worth of bidders must be at least Rs 11.46 million [$73,901]/ MW of listed capacity in the last financial year.

The responsibility of obtaining an ISTS connection will lie entirely with the creator. Only type-certified wind turbine models listed in the revised list of models and manufacturers must also be used for projects.

Furthermore, NTPC has made it mandatory to use solar modules included in the list of approved models and manufacturers published by the Ministry of New and Renewable Energy.

The hybrid power producer must maintain an energy supply to achieve an annual supply corresponding to an annual capacity utilization factor of at least 80% of the declared value and above 120% of the published CUF value. within the PPA term of 25 years. Recently, NTPC floated a tender to execute a 120 MW ground-mounted solar project and a 56 MW floating solar project at the NTPC Ramagundam thermal power plant in Telangana.

NTPC has floated a tender for setting up 1,500 MW of interstate transmission system-connected wind-solar power projects across India. The deadline for submitting online bids is October 17, 2023. Bids will be opened on the same day.The minimum capacity of each project on a site must be 50 MW> Bidders have to pay Rs 300,000 [USD 3,064] + GST ​​​​​as bid processing fee for capacity up to 50 MW, USD 6,008 + GST ​​​​​​for capacity above 50 MW and up to 100 MW, Rs 1 million [USD 12,016 + GST] for capacity above 100 MW and up to 250 MW, Rs 2 million [USD 24,033] + GST ​​​for capacity above 250 MW and up to 500 MW and 3 million Rs [36,049 USD] + TPS for capacity greater than 500 MW. Contractors must pay Rs 1.16 million [US$13,939]/MW as deposit in advance.The PPA will be signed between NTPC and the successful bidders through the signing of power purchase agreements with state-owned power distribution companies for the identified capacity. Only commercially established and operational technologies should be used to minimize technology risks and enable timely start-up of power delivery to projects. To qualify, the net worth of bidders must be at least Rs 11.46 million [$73,901]/ MW of listed capacity in the last financial year.The responsibility of obtaining an ISTS connection will lie entirely with the creator. Only type-certified wind turbine models listed in the revised list of models and manufacturers must also be used for projects.Furthermore, NTPC has made it mandatory to use solar modules included in the list of approved models and manufacturers published by the Ministry of New and Renewable Energy.The hybrid power producer must maintain an energy supply to achieve an annual supply corresponding to an annual capacity utilization factor of at least 80% of the declared value and above 120% of the published CUF value. within the PPA term of 25 years. Recently, NTPC floated a tender to execute a 120 MW ground-mounted solar project and a 56 MW floating solar project at the NTPC Ramagundam thermal power plant in Telangana.

Next Story
Real Estate

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Next Story
Real Estate

Rustomjee Wins Rs 45 Billion GTB Nagar Redevelopment

Keystone Realtors Ltd, the Bengaluru based developer behind the Rustomjee brand, has secured a Letter of Acceptance to overhaul GTB Nagar in Sion, Mumbai, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). Occupying about 11.19 acres, the project will rehouse more than 1,400 families and unlock roughly 2.07 million square feet of saleable area.Keystone estimates the scheme’s gross development value at about Rs 45.21 billion, with free saleable space expected to generate over Rs 45 billion in revenue. The redevelopment underscores the com..

Next Story
Real Estate

Prestige Unveils Rs 33.5 Billion Pallavaram Gardens

Bengaluru‑based developer Prestige Group has launched Prestige Pallavaram Gardens, a large residential community on Chennai’s Pallavaram–Thoraipakkam Radial Road. With a gross development value of about Rs 33.5 billion, the 21.84‑acre scheme is set to become a marquee address in the fast‑growing corridor. The master plan provides 2,069 premium homes across 2‑, 3‑ and 4‑bedroom layouts, offering a combined saleable area of roughly 3.1 million square feet. Residents will benefit from easy access to key transport arteries and major employment hubs along th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?