NTPC Renewable Energy invites bids for 1,000 MW hybrid power projects

05 Feb 2024 CW Team

Eligible projects, with or without an energy storage system (ESS), must be established on a build-own-operate basis. The ESS should be charged using a source other than wind-solar hybrid power to qualify as a hybrid power project.

The deadline for bid submission is February 27, 2024, with bid openings on the same day.

Hybrid power projects currently underway, awaiting commissioning, or already commissioned without a long-term power purchase agreement are eligible for consideration under this tender.

For contracting, the minimum required capacity is 50 MW, with subsequent increments in multiples of 10 MW. However, at least 33% of the total contracted capacity must come from either wind or solar resources.

Bidders are required to provide an earnest money deposit of Rs 1.26 million (~$15,171)/MW of the quoted capacity. Successful bidders must submit a performance bank guarantee of Rs 2.9 million (~$34,975)/MW of the allotted capacity.

Processing fees are structured based on the project's scale, ranging from Rs 300,000 ($3,612) plus 18% GST for projects up to 50 MW to Rs 2 million (~$24,081) plus 18% GST for capacities above 250 MW and up to 500 MW.

Wind turbines used in the projects must be type-certified models listed in the Ministry of New and Renewable Energy's Revised List of Models and Manufacturers. Solar photovoltaic modules must be included in List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.

The tender aims to endorse commercially established and operational technologies to mitigate technology risks and ensure the timely initiation of power supply from the projects.

Bidders must have a net worth equal to or greater than Rs 11.46 million (~$138,218)/MW and a minimum annual turnover of Rs 6.15 million (~$74,177)/MW of the quoted capacity during the previous financial year, 2022-23, or at least seven days prior to the bid submission deadline.

NTPC recently invited bids for setting up 1,500 MW of ISTS-connected solar power projects across India.

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, is seeking proposals for the selection of hybrid power generators to supply 1,000 MW power from inter-state transmission system (ISTS)-connected wind-solar hybrid projects throughout India in Tranche-V. Eligible projects, with or without an energy storage system (ESS), must be established on a build-own-operate basis. The ESS should be charged using a source other than wind-solar hybrid power to qualify as a hybrid power project. The deadline for bid submission is February 27, 2024, with bid openings on the same day. Hybrid power projects currently underway, awaiting commissioning, or already commissioned without a long-term power purchase agreement are eligible for consideration under this tender. For contracting, the minimum required capacity is 50 MW, with subsequent increments in multiples of 10 MW. However, at least 33% of the total contracted capacity must come from either wind or solar resources. Bidders are required to provide an earnest money deposit of Rs 1.26 million (~$15,171)/MW of the quoted capacity. Successful bidders must submit a performance bank guarantee of Rs 2.9 million (~$34,975)/MW of the allotted capacity. Processing fees are structured based on the project's scale, ranging from Rs 300,000 ($3,612) plus 18% GST for projects up to 50 MW to Rs 2 million (~$24,081) plus 18% GST for capacities above 250 MW and up to 500 MW. Wind turbines used in the projects must be type-certified models listed in the Ministry of New and Renewable Energy's Revised List of Models and Manufacturers. Solar photovoltaic modules must be included in List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules. The tender aims to endorse commercially established and operational technologies to mitigate technology risks and ensure the timely initiation of power supply from the projects. Bidders must have a net worth equal to or greater than Rs 11.46 million (~$138,218)/MW and a minimum annual turnover of Rs 6.15 million (~$74,177)/MW of the quoted capacity during the previous financial year, 2022-23, or at least seven days prior to the bid submission deadline. NTPC recently invited bids for setting up 1,500 MW of ISTS-connected solar power projects across India.