NTPC extends bid submission deadline for its 1.2 GW solar tender

NTPC Limited has extended the last date to submit bids from solar power developers to set up 1.2 GW of ISTS-connected solar power projects in the country from March 19, 2020 to May 28, 2020. In February 2020, NTPC had issued a detailed request for selection (RfS) for 1.2 GW of ISTS-connected solar projects across the country. The ceiling tariff for the tender was set at Rs 2.78 per kWh. As per the documents issued earlier, the minimum capacity that a bidder can develop is 50 MW and in multiples of 10 MW from there on, up to a maximum quotable capacity of 600 MW. Bidders can develop projects at multiple locations but each project must be at least of 50 MW. Interested bidders are expected to pay an amount of Rs 400,000 per MW as the earnest money deposit.

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