Tender for 150 MW Solar Projects Issued in Sri Lanka

CEB in Sri Lanka has issued an RfP for 150 MW solar PV power plants in 1-10 MW capacities on BOO basis under the Sooraya Bala Sangramaya Phase – III.

The Ceylon Electricity Board (CEB) in Sri Lanka has issued a Request for Proposal (RfP) inviting bids from eligible firms for the establishment of 150 MW solar PV power plants in 1-10 MW capacities on a Build, Own and Operate Basis under the Sooraya Bala Sangramaya Phase – III.

The scope of the project will include the design, supply, delivery, erection, testing, commissioning, operation and maintenance of solar PV power plants. The Facility shall include (but not limited to) site, solar PV plant, stand-by/auxiliary/emergency power requirements, water requirements, environmental impact mitigatory measures, transformers, switchgear & protection schemes, transmission lines (overhead or under-ground up to the Termination Point), SCADA facilities up to the Termination Point and all other appurtenant equipment to operate a solar PV plant.

The project proponent shall design, construct, test and commission, operate and maintain the power transmission line/s at 33kV voltage level, including all associated equipment up to the Termination Point.

The last date for bid submission is May 21, 2020. And a pre-bid meeting is scheduled to be held on April 30, 2020, to address the concerns raised by the prospective bidders. The project contracts will be signed for a period of 20 years and the maximum tariff that is payable to the developers is LKR 15.60/kWh.

As per the tender, the Power Purchase Agreements (PPA) will be signed within 09 months from the date of issue of Letter of Intent. And the Commercial Operation Date will be 9 months from the date of signing of the PPA.

The prospective bidder must furnish a financing plan for the project, and it should include an analysis giving due consideration to the total estimated cost, likely revenue streams, cost of funds (including both equity and debt), and the proof of availability of adequate finances. The financing plan should indicate the equity component and its break-up to demonstrate the commitments by each of the equity participants.