+
UPNEDA tenders 2.9 MW solar O&M
POWER & RENEWABLE ENERGY

UPNEDA tenders 2.9 MW solar O&M

Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has announced the invitation for bids concerning a five-year operation and maintenance (O&M) contract for 2.921 MW of mini-grid and decentralised distributed generation (DDG) solar power projects, which are installed on a revenue model basis.

The project comprises 16 mini-grids with a combined capacity of 2.332 MW and 30 DDG solar projects amounting to 580 kW.

The deadline for bid submissions is January 29, 2024, and the bids will be opened on the following day.

Bidders are required to tender a fee of Rs 11,800 and provide an earnest money deposit of Rs 25,000.

Upon selection, bidders must furnish a performance security of Rs 2,000/ kW of quoted capacity before the execution of the contract agreement. The bank guarantee will undergo renewal every five years.

It is mandated that successful bidders acquire all sites in their present condition. The maximum right-to-use tenure is 20 years, subject to UPNEDA?s assessment every five years. In the event of unsatisfactory reviews, UPNEDA may take appropriate actions, including imposing penalties. Right-to-use charges are calculated on a per-kilowatt, per-month basis for solar projects, payable annually to UPNEDA.

The electricity generated from these solar projects is eligible for sale to local residents for household usage, as well as to MSME customers for their small-scale businesses or to farmers for powering their tube wells for irrigation purposes.

Bidders must possess a minimum of five years of experience in constructing, operating, and maintaining at least two mini-grids with a cumulative capacity of 25 kW or more. Documentary proof, such as a completion certificate from the relevant agency, must be submitted.

The average annual turnover of bidders in the best-performing three of the last five financial years should be at least Rs 15,000/ kW of quoted capacity. In the case of consortium or partnership firms, only bidding companies or lead partners with a minimum 51% equity turnover will be considered.

Notably, UPNEDA had recently called for bids for an O&M contract for 2.89 MW of mini-grid and DDG solar projects, also based on a revenue model.

Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has announced the invitation for bids concerning a five-year operation and maintenance (O&M) contract for 2.921 MW of mini-grid and decentralised distributed generation (DDG) solar power projects, which are installed on a revenue model basis. The project comprises 16 mini-grids with a combined capacity of 2.332 MW and 30 DDG solar projects amounting to 580 kW. The deadline for bid submissions is January 29, 2024, and the bids will be opened on the following day. Bidders are required to tender a fee of Rs 11,800 and provide an earnest money deposit of Rs 25,000. Upon selection, bidders must furnish a performance security of Rs 2,000/ kW of quoted capacity before the execution of the contract agreement. The bank guarantee will undergo renewal every five years. It is mandated that successful bidders acquire all sites in their present condition. The maximum right-to-use tenure is 20 years, subject to UPNEDA?s assessment every five years. In the event of unsatisfactory reviews, UPNEDA may take appropriate actions, including imposing penalties. Right-to-use charges are calculated on a per-kilowatt, per-month basis for solar projects, payable annually to UPNEDA. The electricity generated from these solar projects is eligible for sale to local residents for household usage, as well as to MSME customers for their small-scale businesses or to farmers for powering their tube wells for irrigation purposes. Bidders must possess a minimum of five years of experience in constructing, operating, and maintaining at least two mini-grids with a cumulative capacity of 25 kW or more. Documentary proof, such as a completion certificate from the relevant agency, must be submitted. The average annual turnover of bidders in the best-performing three of the last five financial years should be at least Rs 15,000/ kW of quoted capacity. In the case of consortium or partnership firms, only bidding companies or lead partners with a minimum 51% equity turnover will be considered. Notably, UPNEDA had recently called for bids for an O&M contract for 2.89 MW of mini-grid and DDG solar projects, also based on a revenue model.

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?