NHPC extends bid submission deadline for its 2 GW solar tender to January 10, 2020

NHPC Limited has extended the bid submission deadline of its tender for 2 GW of solar projects. The deadline for the submission of bids has been extended from October 17, 2019, to January 10, 2020. The original deadline for this tender was September 27, 2019. Apart from the deadline extension, NHPC has also notified other modifications to the tender. The minimum tariff payable to the project has now been revised to Rs 2.78 per kWh from Rs 2.65 per kWh. The tariff will be applicable for 25 years. The amount of earnest money deposit has also been reduced from Rs 1 million to Rs 400,000 per MW. Also, the performance bank guarantee has been revised to Rs 2 million per MW from Rs 2.5 million per MW.

NHPC Limited was incorporated in 1975 for the development of hydroelectric power. Later, NHPC expanded its scope to include the development of power through conventional and non-conventional sources in India and abroad.

In July 2019, the Cabinet Committee on Economic Affairs (CCEA) approved NHPC’s 2,880 MW Dibang multi-purpose project in Arunachal Pradesh. The CCEA approved the Rs 16 billion expenditure on pre-investment activities and gave various clearances for the project. The estimated cost of the project is Rs 280.8 billion, which includes interest during construction and financing charges of Rs 39.75 billion, at the June 2018 price level. Once completed, this will be the largest hydroelectric plant in the country. In August 2019, NHPC signed a memorandum of association with the Assam government for the Lower Subansiri project. The National Green Tribunal gave the go-ahead for the project in July 2019 and NHPC is expected to begin the construction of the project soon.

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