Karnataka retenders 650 MW of solar power capacity

Karnataka Renewable Energy Development Limited (KREDL) has retendered 650 MW of grid-connected solar PV projects to be developed at the Pavagada Solar Park. In January 2018, KREDL had rolled out a tender for 1,200 MW of solar PV projects to be developed at the same location. However, KREDL was only able to auction 550 MW of the tendered capacity due to poor response from bidders. The new tender guidelines have been recently amended to allow the pass-through of added cost for developers in the case of change in duties due to modifications in the concerned laws. The projects can be developed in 50 MW blocks and have to be connected to dedicated substations that Karnataka Solar Power Development Corporation Limited is developing. In addition, a single bidder can bid for a minimum of 50 MW and a maximum of 650 MW capacity for developing the projects on a BOO basis. PPAs for a period of 25 years will be signed between the successful bidders and the state discoms.

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