Adani Issues RfS for Purchase of 700 MW of Solar Power

The last date of bid-submission is February 12, 2019, and the technical bids will open on the same day.

Adani Electricity Mumbai Limited, in order to fulfill its Renewable Purchase Obligation (RPO), has issued a Request for Selection (RfS) for the procurement of power through competitive bidding from 350 MW grid-connected solar photovoltaic projects with an additional option of 350 MW power under Greenshoe option.

A bidder can submit a bid(s) for the maximum capacity i.e. 700 MW, including the capacity offered under the Greenshoe option. However, the capacity under the Greenshoe option will be fulfilled at the discretion of Adani Electricity.

The company will enter into a power purchase agreement (PPA) with the selected bidders for a period of 25 years from the commercial operation date of the project. The tariff payable to Selected Bidder shall be fixed for 25 years as discovered through the e-bidding conducted vide this RfS.

The last date of bid-submission is February 12, 2019, and the technical bids will open on the same day. A pre-bid meeting has been scheduled for January 31, 2019, to address the issues raised by prospective bidders. And all bidders are required to submit an Earnest Money Deposit of Rs 10 lakh/MW along with their response to the RfS.

To be eligible, the net-worth of the bidder should be equal to or greater than ₹ 1.07 crore/MW of the quoted capacity for the financial year ending 2017-18.

For Solar PV Projects to be selected through this RfS, it will be mandatory for all the Projects to meet the Domestic Content Requirement as mentioned below:

In case of crystalline Silicon technology, all process steps and quality control measures involved in the manufacture of the Solar Cells and Modules from P-type (or N-type) wafers till final assembly of the Solar Cells into Modules shall be performed at the works of PV manufacturers in India. The requisite P-type (or N-type) wafers and other raw materials can be imported. And, in case of Thin-film technologies, the entire Modules, the assembly comprising of Thin-film Solar Cells shall be manufactured in India. The starting substrate (without any semiconductor junction) and other raw materials can be imported.

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