SECI Issues Tender For 2000 MW Solar Projects Under CPSU-II

The projects will be developed on a Build-Own-Operate basis and the usages charges to be paid by the govt entities for the power has been set at a maximum of Rs 3.50/kWh.

The Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) document for the selection of Solar Power Developers (SPD) for setting up of 2000 MW Grid-Connected Solar PV Power Projects in India (Tranche-I) under the second phase of the Central Public Sector Undertaking (CPSU) Scheme (Government Producer Scheme).

MNRE issued the CPSU Scheme Phase II for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects by the government producers with Viability Gap Funding (VGF) support for self-use or use by Government/Government entities, either directly or through Distribution Companies. The total 12,000 MW capacity is expected to be added in the 4 year period i.e from the financial year 2019-20 to 2022-23.

The projects under the latest RfS issued by SECI will be developed on a Build-Own-Operate (BOO) basis. And, the power generated from these projects shall be solely used for self-use or use by Government/Government entities, either directly or through Discoms on payment of mutually agreed usages charges of not more than Rs 3.50/kWh.

The maximum permissible limit for VGF has been kept at Rs 0.70 Crore/MW for the projects, the actual VGF to be given to a Government Producer under the RfS would be decided through bidding using VGF amount as a bid parameter to select the SPD.

The VGF will be released in two tranches as follows;

1. 50 percent on the award of Contract to the EPC Contractor by the SPD. The SPD is required to sign the EPC agreement with EPC contractor within six months from the date of issue of LoA/LoI by SECI.

2. Balance 50 percent on successful commissioning of the full capacity of Project.

The Solar PV Power projects are required to be designed for interconnection with the grid at voltage level as specified by the SPD. For each Project, the minimum Project capacity shall be 10 MW and the maximum capacity shall be 2000 MW. The Project capacity shall remain in multiples of 10 MW only.

A bidder may submit a single bid for any quantity between (and including) 10 MW to 2000 MW, which shall be quoted only in multiples of 10 MW. The total capacity to be allocated to the bidder shall be up to 2000 MW.

All bidders have to submit an Earnest Money Deposit of RS 4 lakhs/MW along with their bids. The Scheduled Commissioning Date (SCD) for commissioning of the full capacity of the project shall be the date as on 18 months from the date of issuance of LoA/LoI, and, the maximum time period allowed for commissioning of the full project capacity shall be limited to 24 months from the date of issuance of LoA/LoI.

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