PTC India Invites EoI for 1000 MW Hybrid Energy Project

Power Trading Corporation of India Ltd (PTC India) has invited Expression of Interest (EoI) for the procurement of 1000 MW hybrid energy project (solar & wind) phase-1 on a long-term basis. The last date for submitting the online bid is October 20, 2022.

500 MW capacity of this hybrid energy (Solar + Wind) tender will be under tranche -1 (with green shoe options for procurement of additional 500 MW power). The minimum office capacity of this tender is 50 MW for the interested bidders & billing will be on monthly basis.

According to the tender document, the bidder shall supply power generated from a hybrid renewable power project. A hybrid power project shall mean a project comprising at least two ‘components’ – one is solar and one is wind power project. The contract period of the tender is 25 years. 

The Participant shall have commercially operational renewable energy (Solar/Wind/Hybrid) generating plants with a cumulative capacity of at least 250 MW within India and/or abroad. The net worth of the participant shall be more than Rs. 250 crores. PTC will have the right of first refusal for any excess generation at 75% of the offered tariff.

To procure this PTC hybrid project tender, the minimum annual turnover for the last three financial years and the requirement for prospective bidders to participate in the bidding process is at least shall be calculated as follows:

4.0 Cr. X (Capacity in MW bidder is bidding) X 0.7 =… Cr. 

The net worth of the bidder should also be positive for the last Financial Year. Net Worth of the bidder shall be calculated as follows: 

Net Worth = (Equity + Reserves) – (Revaluation reserves+ intangible assets + miscellaneous expenses to the extent not written off + carried forward losses). 

Bidders can view/download this PTC India 1000 MW hybrid energy project tender documents and technical specifications here.

Recently, SJVN Limited entered into an MoU (Memorandum of Understanding) with PTC India Limited (formerly known as Power Trading Corporation of India Limited), to collaborate on the development of products to supply Round the Clock (RTC) Power.