Tata Power, Jakson and L&T Winners in NTPC’S 1 GW Solar Auction

NTPC Ltd has concluded the e-reverse auction for its 1,000 MW of solar tender under the DBDT program, awarding 560 MW capacity to three bidders.

NTPC Ltd has concluded the e-reverse auction for its 1,000 MW of solar projects tender under the Develop Build Demonstrate (DBDT) program, awarding 560 MW capacity to three bidders.

According to industry sources, the 1,000 MW solar tender had been undersubscribed, receiving bids for only 700 MW. As the tender had been undersubscribed, only 80 percent or 560 MW of the bid capacity was awarded out of the 1,000 MW tender.

The three bidders that were awarded projects under the tender are Tata Power Solar which won 300 MW capacity after submitting the lowest bid with an EPC quote of Rs 1.925 crore, Jakson Limited was awarded 110 MW and Larsen & Toubro Limited (L&T) was awarded 150 MW project capacity under the tender after submitting a proposal for 300 MW capacity.

Jakson had submitted an EPC quote of Rs 1.996 crore to develop a capacity of 110 MW. While L&T had quoted the price of Rs 1.998 crore for 300 MW but was allotted capacity of 150 MW in line with the bucket filling method followed in the auction.

The tender for the project was issued in October 2019. The scope of work for the selected bidders includes the design, engineering, manufacturing, supply, installation, testing and commissioning of the projects. It also includes the operation and maintenance of the projects for a period of 3 years after the successful completion of the trial run of the projects. And installation of the SCADA system for remote monitoring, module cleaning system, and all associated electrical and civil work, including the evacuation of power.

Recently, Tata Power Solar Systems Ltd had announced that it had received a Letter Of Award (LOA) from NTPC for a 250 MW solar project under the CPSU scheme. The total value of the order is Rs 1,505 crore and the completion period is 20 months. With this order, the order book of Tata Power Solar stands at approximately Rs. 7600 crore including external and internal orders.