Rajasthan Electronics Calls for Bids on Indian 50 MW Solar Projects

13 Jan 2023 CW Team

Bids have been invited for 50 MW grid-connected rooftop and small ground-mounted solar power projects for government buildings in 26 states and union territories by Rajasthan Electronics and Instruments (REIL), a joint venture between the Union government and the Rajasthan government.

The largest capacities will be commissioned in Rajasthan (18.08 MW), followed by Delhi (4.34 MW) and Maharashtra (2.97 MW). Each project must be larger than 20 kW.In general category states, the benchmark cost for projects of 20 kW and up to 100 kW is Rs 48,000 ($587)/kW, while in special category states, it is Rs 53,000 ($649)/kW. The expense for projects over 100 kW is Rs 45,000 ($551)/kW and Rs 50,000 ($612)/kW.

The levelized roof levy for general classification states is Rs 5.15 ($0.063)/kWh and Rs 6.25 ($0.077)/kWh for unique class states. A bid processing fee of Rs 25,000 ($306) and an earnest money deposit of Rs 1.12 million ($13,721) per MW of quoted capacity should be submitted by bidders.

In general category states, bidders must provide a performance bank guarantee (PBG) of Rs 1.35 million ($16,539) per MW of allocated capacity, while in special category states, they must provide a PBG of Rs 1.5 million ($18,377) per MW.

The remaining PBG must be submitted within 30 days of signing the power purchase agreement and half must be submitted within 30 days of the date of the allocation letter. Any delay in PBG submission will result in monthly interest of 1.25 percent on the entire amount.

The last three financial years' average annual turnover for bidders must be Rs 20 million ($245,032)/MW. Their net worth needs to be at least equal to the value that is calculated by multiplying the capacity that is offered in its bid by Rs 15 million, or 183,774 dollars per megawatt (MW).

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