APGENCO Floats Tender For 10 MW Solar-Wind Hybrid Project

APGENCO has issued tender for setting up of a 10 MW solar wind hybrid project in Andhra Pradesh.

The Andhra Pradesh Power Generation Corporation (APGENCO) has issued tender for setting up of a 10 MW solar wind hybrid project at Ramagiri in Andhra Pradesh.

The full scope of the tender includes the supply of electricity for a period of 25 years to APGENCO by Setting up of the 10 MW hybrid power project in the Anantapuramu district of Andhra Pradesh.

The tender will be awarded on a tariff based bidding process and the estimated contract value is Rs 3 per unit. To be eligible, the bidder should have executed and operating Solar and Wind Projects of an aggregate capacity of not less than 10MW and the projects shall be in the successful operation of at least 12 Months as on the date of Bid Submission. And, the net worth of the bidder should be equal to or greater than Rs 10 crore as on the last date of the financial year 2018-19.

The project will be developed on a Build-Own-Operate and transfer (B-O-O-T) basis, and the selected developer will have a period of 18 months (12 months for wind project and another 6 months for the solar project) from the date of issuance of the Letter of Intent to complete the work on the project.

The last date for bid submission is July 4, 2019, and the techno-commercial bids will be opened on July 8, 2019, followed by the opening of the price bids on July 18, 2019. The reverse auction will also be conducted on the date of opening of the price bids. A pre-bid meeting has been scheduled for June 18, 2019, to address the concerns raised by the prospective bidders.

All bidders must submit an Earnest Money Deposit of Rs 1 crore along with their bids, and Rs 10 lakhs for bid processing.

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