Tender Issued for Hydro Plus Floating Solar Hybrid Project in Mumbai

MCGM has tendered for a renewable hybrid energy project of 20 MW hydro power capacity and 80 MW floating solar capacity at the Vaitarna lake.

The Municipal Corporation of Greater Mumbai (MCGM) acting through the Municipal Commissioner, has issued a tender for the selection of developers for procurement of a renewable hybrid energy project to be developed in a combination of 20 MW installed capacity of hydro power facilities at the Toe of the Middle Vaitarna Dam and 80 MW installed capacity of solar energy via floating photovoltaic panels in the Middle Vaitarna lake.

As per the Request for Proposals (RfP) document the required generation of electricity per annum shall be 67.98 MU from the hydro-electric plant and 140.58 MU from the floating solar project. The responsibility of the successful bidder shall be to supply power from the projects to MCGM for a period of 25 years as per the terms and conditions of the PPA.

It has also been clarified that the bidders will be required to quote levelised tariff for the entire duration of 25 years, and the same shall be paid by the procurer (MCGM) for each Financial Year during the whole span of PPA. The ceiling tariff for the bid has been fixed at Rs. 4.48/kWh.

To be eligible for participating in the bidding process, the bidders must:

1. have a positive Net Worth. Which should be equal to or greater than Rs 472 crore.
2. have Three similar completed works of minimum 32 MW (40 percent of 80 MW) each, any solar power project Or Two similar completed works of minimum 40 MW (50 percent of 80 MW) each, Or One similar completed work of minimum 64 MW (80 percent of 80 MW).
3. have for the hydro power project, successfully executed work of similar nature including design, built and operated at least 1 small hydroelectric power plant in Maharashtra having a minimum capacity of 10 MW with a working head of at least 55 meters in last 15 years. The facility should be in operation for at least ten years from the date of commercial operation at a minimum of 50 percent PLF. The facility should have generated 67 MU in at least one year in the last 10 years of operation.

Each bidder must submit the bid online accompanied by an EMD of Rs.4.72 crore. Earnest money Rs. 47 lakhs through online payment gateway and the rest in the form of Bank Guarantee, for an amount of Rs 4.25 crore. Furthermore, they are also required to submit a Performance Security of Rs 23.58 crore within 30 days after issuance of Letter of Award (LoA) or before signing of PPA.

The Commercial Operation Date of the hydro plant shall be within 31 months from the date of signing of PPA. And the COD of the floating solar system shall be within 25 months from the date of signing of PPA. 

The last date for bid submission is January 4, 2020, and the techno-commercial bids will be opened on the same date.