APDCL floats bids for 10 MW solar projects

APDCL has requested solar power developers to submit bids for 10 MW of grid connected solar photovoltaic power projects under Phase II of the Central Public Sector (CPSU) programme. The project’s scope of work covers the design, development, and supply of solar power generation systems as well as the project’s 25 year operations and maintenance. The chosen solar developer will also be required to acquire land and build transmission facilities to evacuate power.

The power project will be owned by APDCL. If found eligible, the CPSU programme will provide viability gap funding to the successful solar developer. The fund’s maximum permissible limit is Rs 6.8 million per MW. The bidders must pay a tender processing fee of Rs 10,620 as well as an earnest money deposit of Rs 895,000 per MW. As performance security, the successful bidder must provide Rs 3.4 million per MW. A bidder may participate individually or as part of a two-person consortium. If the bidder is a consortium or a foreign bidder, they must incorporate a new special purpose vehicle (SPV) to carry out the EPC contract. The deadline for bid submissions is February 20, 2023.

In November 2022, APDCL announced a tender to procure energy from 100 MW of grid-connected floating solar projects that will be constructed on various water bodies across the state and operated for 25 years. As per the tender guidelines, to be eligible, the bidders must have commissioned or supervised the commissioning of grid-connected floating solar projects of 20 MW capacity during the last five years. At least one of the projects should be 5 MW or above. Furthermore, the bidders may submit applications for capacities ranging from 5 MW to 100 MW. The quoted tariff must be less than Rs 4.76 per kWh. The winning bidders will have to remit performance security of Rs 2.9 million per MW of allocated capacity.