Tata Power Delhi Distribution (TPDDL) has requested bids for 255 MW of wind-solar hybrid power projects across India, with a greenshoe option for an additional 255 MW. The projects will be established on a build, own, and operate basis. According to the tender guidelines, bidders will have to submit Rs 500,000/MW per project as an earnest money deposit. TPDDL will be entering into a power purchase agreement (PPA) with the successful bidders for a period of 25 years beginning with the scheduled commissioning date or the date of full project commissioning, whichever comes first.
Within seven days of the PPA, the successful bidder must provide a performance bank guarantee in the amount of Rs 1 million per project. The minimum bid capacity should be 50 MW, with each site proposing at least 50 MW of project capacity. On the other hand, the maximum bid capacity should be 255 MW with an additional 255 MW greenshoe option. One resource’s rated power capacity (wind or solar) should be at least 33 percent of the total contracted power capacity.
Also, bidders should submit a quote in the ratio of 1:2 (solar: wind). TPDDL has proposed promoting only commercially established and operational technologies in order to reduce technology risk and achieve project commissioning on time. The bids submission deadline is October 31, 2022.