NVVN invites bids for 100 MW wind-solar hybrid projects

21 Jun 2024 CW Team

The government aims to replace 58,000 MU of thermal generation across government and private sectors with renewable energy sources. Interested parties must submit their bids by July 18, 2024, with bid openings scheduled for the following day. Bidders are required to pay a processing fee of Rs 500,000 and an earnest money deposit of Rs 1.2 million per MW per project.

Successful bidders will enter into a 15-year power purchase agreement with the power procurer. Eligible bidders can be companies or consortia, including foreign entities registered according to their respective country's regulations. They must demonstrate experience in developing, operating, and maintaining power projects with a cumulative installed capacity not less than 50% of the bid capacity. Financial eligibility includes a net worth of at least Rs 12.3 million per MW quoted, a minimum annual turnover of Rs4.1 million per MW quoted, and internal resource generation capabilities of Rs 820,000 per MW quoted in the previous financial year.

Additionally, bidders must secure in-principle approval from lenders for a minimum of 70% of the project cost, including land expenses. NVVN has recently called for bids to appoint channel partners for installing grid-connected rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana in Chhattisgarh. Earlier, similar bids were invited for districts in Andhra Pradesh under Central Power Distribution Company and Eastern Power Distribution Company. (Source: Mercom)

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC, has issued a tender to develop 100 MW inter-state transmission system (ISTS)-connected wind-solar hybrid projects in India. The hybrid configuration will comprise 50 MW of solar PV and 50 MW of wind power, to be developed on a Build-Own-Operate basis. This initiative is part of the Ministry of Power's strategy to enhance flexibility in generating and scheduling thermal and hydropower stations through bundling with renewable energy and storage power. The government aims to replace 58,000 MU of thermal generation across government and private sectors with renewable energy sources. Interested parties must submit their bids by July 18, 2024, with bid openings scheduled for the following day. Bidders are required to pay a processing fee of Rs 500,000 and an earnest money deposit of Rs 1.2 million per MW per project. Successful bidders will enter into a 15-year power purchase agreement with the power procurer. Eligible bidders can be companies or consortia, including foreign entities registered according to their respective country's regulations. They must demonstrate experience in developing, operating, and maintaining power projects with a cumulative installed capacity not less than 50% of the bid capacity. Financial eligibility includes a net worth of at least Rs 12.3 million per MW quoted, a minimum annual turnover of Rs4.1 million per MW quoted, and internal resource generation capabilities of Rs 820,000 per MW quoted in the previous financial year. Additionally, bidders must secure in-principle approval from lenders for a minimum of 70% of the project cost, including land expenses. NVVN has recently called for bids to appoint channel partners for installing grid-connected rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana in Chhattisgarh. Earlier, similar bids were invited for districts in Andhra Pradesh under Central Power Distribution Company and Eastern Power Distribution Company. (Source: Mercom)

Infrastructure Transport

17 Sep 2025

BHEL Secures Rs 228.7 Million Order for KAVACH Train Safety System

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) announced on Friday that it has secured an order worth Rs 228.7 million to supply and install KAVACH equipment, an automatic train protection system, for Indian Railways’ South Western Railway zone.According to a regulatory filing, BHEL received the Letter of Intent on 11 September 2025 for the design, development, supply, installation, trial, and commissioning of on-board KAVACH equipment in locomotives, as well as trackside KAVACH installations at stations, level crossings, intermediate block sections, and automatic block sig..

Infrastructure Transport

17 Sep 2025

Gwalior Railway Station Redevelopment Set for Swift Completion

Union Minister Jyotiraditya Scindia visited the under-construction Gwalior Railway Station on Sunday, a key modernisation project, and instructed officials to expedite its completion.During his site visit, the Minister inspected construction materials and design elements, emphasising the use of high-quality stone flooring that reflects Gwalior’s rich culture and heritage. He stressed that quality should not be compromised.“Redevelopment of Gwalior Railway Station is not just about modernising the structure but also providing world-class facilities to passengers. The development will reflec..

Real Estate

17 Sep 2025

RBI Buys 4.16-Acre Nariman Point Land for Rs 34.72bn

In one of the largest real estate transactions in recent years, the Reserve Bank of India (RBI) has acquired a 4.16-acre land parcel at Nariman Point, Mumbai, from the Mumbai Metro Rail Corporation (MMRC) for Rs 34.72 billion. The deal, registered on 5 September, attracted a stamp duty of Rs 2.08 billion, according to CRE Matrix, a real estate data analytics firm.The prime property, located near the backbay reclamation area, lies in the heart of Nariman Point—one of Mumbai’s most prestigious commercial districts. Flanked by Marine Drive, Mantralaya, consulates, and landmark office towers, ..