SECI Reschedules Pre-Bid Meeting for 500 MW Solar Tender

By Ayush Verma/ Updated On Fri, Jul 5th, 2019

SECI has rescheduled the pre-bid meeting for its 500 MW grid-connected solar PV power projects in Tamil Nadu.

Pre-Bid 500 MW Solar

The Solar Energy Corporation of India (SECI) has issued a notification for rescheduling the pre-bid meeting for its 500 MW grid-connected solar PV power projects in Tamil Nadu (Phase 1, Non-Solar Park).

In order to deliberate on issues with the prospective bidders, a pre-bid conference had been scheduled along with officials of the Tamil Nadu Generation And Distribution Corporation Limited (TANGEDCO). SECI has now rescheduled the meeting to July 10, 2019, to be held at the agency’s offices in Saket.

The scope of work for the selected bidders will include the design, supply, construction, testing and commissioning of the solar power projects. Land, connectivity and long term open access shall also be in the scope of the project developer.

Solar Power Developers selected by SECI based on the RfS shall set up solar projects on Build Own Operate (BOO) basis in accordance with the provisions of this RfS document and standard Power Purchase Agreement (PPA). SECI shall enter into PPA with successful SPDs for a period of 25 years from the date as per the provisions of PPA. The maximum tariff payable to the project developers is fixed at Rs 2.85/kWh for 25 years.

The document processing fee shall be paid by the bidder in the following manner:

Rs 3 Lakh +18% GST for each Project from 10 MW up to 40 MW capacity,

Rs. 5 Lakh + 18% GST for each Project from 50 MW up to 90 MW capacity,

Rs. 10 Lakh + 18% GST for each Project from 100 MW and above capacity.

The bidders will also be required to submit an Earnest Money Deposit of Rs 4 lakh per MW of their bid capacity.

To be eligible, the net worth of the bidder should be equal to or greater than Rs 1.07 crore per MW of the quoted capacity, as on the last date of the previous financial year, i.e. FY 2017-18. Additionally, the bidder should have a minimum annual turnover of Rs 50 lakhs/MW of the quoted capacity during the previous financial year.