SBI Invites EoI for 3 to 5 MW Solar Project in Telangana

The eligibility criterion mandates that the bides should have commissioned at least 10 MW of ground mounted solar projects.

Embarking on an ambitious target of achieving 100% carbon neutrality by 2030, the State Bank of India (SBI) has issued an expression of interest to to procure solar energy in the capacity of 3-5 MW (offsite) solar energy for its premises in the state of Telangana.

The scope of work includes identifying the location for the project, land acquisition, installation, commissioning, power evacuation, obtaining all requisite approvals (including open access approvals), undertake transmission feasibility studies etc. at its own cost for setting up the solar project.

Further, the Bidder shall be responsible for complete operation & maintenance and the Bidder shall sign a Power Purchase Agreement (PPA) with SBI for a period of 5/10/15/20 years with reset clause from commercial operation date, SBI has said. Entire expenditure of interconnection facilities for power evacuation shall also be borne by the bidder.

The last date for the submission of EoI is December 26, 2018.

The eligibility criterion mandates that the bides should have commissioned at least 10 MW of ground mounted solar projects until November 30, 2018 and should have had a net worth of Rs 5 crore in the each of the last two financial year.

“This is the first stage of a multi-stage procurement process. The objective of this request for the EoI is to identify and pre-register eligible applicants who are interested in providing the proposed solution and have suitable capacity, capability and experience,” the statement issued by SBI reads.