SECI has issued a tender for setting up 14 MW of solar power projects with 42 MWh battery storage system (7MW/21 MWh each) at Leh and Kargil divisions under the Prime Minister Development Package 2015.
SECI had initially issued a notice inviting tender in March 2019.Interested bidders will have to submit an amount of Rs 19.6 million as the earnest money deposit.
The scheduled commercial operation date of the projects will be 18 months from the date of the award of the order. The project should be designed forinterconnection with the nearest substation of the buying entity at the voltage level of 11 kV.
The projects will be developed on a build-own-operate basis, and the selected project will be given a viability gap funding (VGF) as per the tender guidelines. The upper limit for the VGF to be quoted by a bidder has been kept at Rs 130 million for 1 MW solar project with battery storage of 3 MWh. SECI will release 50 per cent of the VGF after the supply of the equipment at the project site, and the remaining will be released after the successful commissioning of the project. The tariff to be paid to the successful solar power developer by the offtaker has been set as Rs 2.00 per kWh at the interconnection point, which will remain flat for the entire period of the power purchase agreement (PPA).
The land for setting up the solar projects with battery storage will be facilitated and made available to the developer by the Ladakh Renewable Energy Development Agency and Kargil Renewable Energy Development Agency separately. The declared annual capacity utilisation factor should not be less than 17 per cent. The successful bidder can also execute the project through a special purpose vehicle with at least 76 per cent shareholding. Any consortium should incorporate a project company with equity participation by the members in line with the consortium agreement before signing of PPA with SECI. The last date for the submission of bids is March 16, 2020.