TCIL floats tender to develop 5 GW of solar projects under CPSU program

Telecommunications Consultants India Limited (TCIL) has floated an expression of interest to select partners to develop 5 GW grid-connected solar projects in India under the Central Public Sector Undertaking (CPSU) program.  The announcement applies to partners or special purpose vehicles who have carried out similar work and are willing to execute these projects with TCIL exclusively under the CPSU program. Prospective bidders will be required to declare the estimated capital cost of the proposed capacity. Further, the cost of the project is capped at Rs 60.59 million per MW. Participants can bid for a minimum of 50 MW and a maximum of 5 GW. There is no earnest money deposit specified under the tender. The deadline for submission of bids is March 24, 2021.

To be eligible, applicants must prior have experience executing similar work as per the Indian Renewable Energy Development Agency’s (IREDA) specifications. Further, they must record an average annual turnover of at least 50 percent of their estimated cost declaration in the last three financial years. They must also have a positive net worth and recorded profits in the last two years.

The current announcement comes after the IREDA, in February 2021, floated a tender to invite state-run power companies to install 5 GW of grid-connected solar project generation capacity under the third tranche of phase II of the CPSU scheme. Under the scheme, the electricity must be supplied either directly or through a power distribution company or, on payment of mutually agreed usage charges of a maximum of Rs 2.20 per kWh excluding third-party usage charges.

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