SECI floats tender for 1.2 GW ISTS-connected wind projects
POWER & RENEWABLE ENERGY

SECI floats tender for 1.2 GW ISTS-connected wind projects

Solar Energy Corporation of India (SECI) has floated a tender for developing 1,200 MW interstate transmission system (ISTS)-connected wind power projects (Tranche-XI) in India.

The last date to present the tenders is July 6, 2021, and the tenders will be presented on July 9. The pre-bid meeting would be on June 3.

Interested bidders will not have to spend any heavy money deposit to be a part of this tender. The successful bidder is required to provide a performance bank guarantee of Rs 1.2 million per MW by at least a week before the signing of the power purchase contract.

Power obtained by SECI from the projects will be traded to the distribution companies (DISCOMs) of Madhya Pradesh. The DISCOMs will receive power from Madhya Pradesh Power Management Company Ltd (MPPMCL), which is the approved representative for signing the power sale contract on behalf of the DISCOMs. A bidder can offer a single bid proposing a minimum capacity of 50 MW and a maximum of 1,200 MW. The projects must be valued in multiples of 10 MW.

The bidding report also specifies that the project should be created to interconnect with the ISTS per prevailing rules and regulations.

The developer will be accountable for acquiring the land needed for installing the project. SECI will not be responsible for the land purchase in any practice. But, the request for the selection clause should be taken into consideration while deciding the project location.

The stated annual capacity utilization factor (CUF) should not be lower than 22%. The developer should maintain generation to obtain annual CUF not lower than 80% of the declared value and not more than 120% of the stated CUF value during the 25 years when the contract is in place.

According to the tender documents, the bidder should give information about the wind turbines intended to be installed in the plan at the time of financial closure. Only certified wind turbine models registered in the ‘Revised List of Models and Manufactures’ announced by the Ministry of New and Renewable Energy will be approved for deployment under the program.

To take part in the bidding process, the bidder’s net value must be Rs 12 million per MW of the rated capacity as of the last date of the previous financial year. The bidder’s minimum yearly turnover must be at least Rs 6 million per MW of the rated capacity as of the last date of the preceding fiscal year.

The internal resource production capacity, in the form of earnings before depreciation, interest, and taxes (EBITDA), must be at least Rs 1.2 million per MW of the rated capacity, as of the last date of the preceding fiscal year.

The bidder should have an in-principle permission letter from the lending institutions employing a ‘Line of Credit’ for a minimum amount of Rs 1.5 million per MW of the rated capacity towards meeting the effective capital requirement of the project.

In March this year, Ayana Renewable Power, Evergreen Power, JSW Future Energy, and Adani Renewable Energy obtained 1.2 GW of wind projects in the SECI’s auction to choose developers for ISTS-connected wind projects (Tranche X) in the country. Adani Renewable Energy acquired 300 MW of wind projects quoting Rs 2.77 per kWh. Meanwhile, Evergreen Power (150 MW), JSW Future Energy (450 MW), and Ayana Renewable Power (300 MW) quoted Rs 2.78 per kWh. JSW had placed tenders for 600 MW but was given only 450 MW under the bucket-filling method.

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Also read: SECI pays Rs 4.33 bn to wind, solar developers for power purchase

Also read: SECI invites bids for 1.2 GW ISTS wind-solar hybrid projects

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Solar Energy Corporation of India (SECI) has floated a tender for developing 1,200 MW interstate transmission system (ISTS)-connected wind power projects (Tranche-XI) in India. The last date to present the tenders is July 6, 2021, and the tenders will be presented on July 9. The pre-bid meeting would be on June 3. Interested bidders will not have to spend any heavy money deposit to be a part of this tender. The successful bidder is required to provide a performance bank guarantee of Rs 1.2 million per MW by at least a week before the signing of the power purchase contract. Power obtained by SECI from the projects will be traded to the distribution companies (DISCOMs) of Madhya Pradesh. The DISCOMs will receive power from Madhya Pradesh Power Management Company Ltd (MPPMCL), which is the approved representative for signing the power sale contract on behalf of the DISCOMs. A bidder can offer a single bid proposing a minimum capacity of 50 MW and a maximum of 1,200 MW. The projects must be valued in multiples of 10 MW. The bidding report also specifies that the project should be created to interconnect with the ISTS per prevailing rules and regulations. The developer will be accountable for acquiring the land needed for installing the project. SECI will not be responsible for the land purchase in any practice. But, the request for the selection clause should be taken into consideration while deciding the project location. The stated annual capacity utilization factor (CUF) should not be lower than 22%. The developer should maintain generation to obtain annual CUF not lower than 80% of the declared value and not more than 120% of the stated CUF value during the 25 years when the contract is in place. According to the tender documents, the bidder should give information about the wind turbines intended to be installed in the plan at the time of financial closure. Only certified wind turbine models registered in the ‘Revised List of Models and Manufactures’ announced by the Ministry of New and Renewable Energy will be approved for deployment under the program. To take part in the bidding process, the bidder’s net value must be Rs 12 million per MW of the rated capacity as of the last date of the previous financial year. The bidder’s minimum yearly turnover must be at least Rs 6 million per MW of the rated capacity as of the last date of the preceding fiscal year. The internal resource production capacity, in the form of earnings before depreciation, interest, and taxes (EBITDA), must be at least Rs 1.2 million per MW of the rated capacity, as of the last date of the preceding fiscal year. The bidder should have an in-principle permission letter from the lending institutions employing a ‘Line of Credit’ for a minimum amount of Rs 1.5 million per MW of the rated capacity towards meeting the effective capital requirement of the project. In March this year, Ayana Renewable Power, Evergreen Power, JSW Future Energy, and Adani Renewable Energy obtained 1.2 GW of wind projects in the SECI’s auction to choose developers for ISTS-connected wind projects (Tranche X) in the country. Adani Renewable Energy acquired 300 MW of wind projects quoting Rs 2.77 per kWh. Meanwhile, Evergreen Power (150 MW), JSW Future Energy (450 MW), and Ayana Renewable Power (300 MW) quoted Rs 2.78 per kWh. JSW had placed tenders for 600 MW but was given only 450 MW under the bucket-filling method. Image SourceAlso read: SECI pays Rs 4.33 bn to wind, solar developers for power purchase Also read: SECI invites bids for 1.2 GW ISTS wind-solar hybrid projects

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