SJVN Limited has invited bids for setting upof a 375 MW/1,500 MWh standalone battery energy storage system (BESS) in Uttar Pradesh. The project will be developed under the build-own-operate model. The project aims to enhance grid reliability and meet the increasing energy storage needs of the Uttar Pradesh Power Corporation Limited (UPPCL). The BESS will be eligible for viability gap funding of up to Rs 2.7 million per MWh or 30 per cent of the capital cost, whichever is lower, from the central government. Selected developers will enter into a battery energy storage purchase agreement with SJVN for 20 years. The last day for bid submission is March 28, 2025.
According to the tender guidelines, the bidders must furnish a money deposit of Rs 341,000, a document fee of Rs 29,500, and a tender processing fee of Rs 1.5 million plus 18 per cent GST. Selected bidders must also submit a performance bank guarantee of Rs 852,500 per MWh for each project. The scope of work includes design, financing, engineering, procurement, construction, operation, and maintenance of the BESS project. Bidders can submit proposals for a minimum of 500 MWh (125 MW x 4 hours) and a maximum allocation of 750 MWh (187.50 MW x 4 hours). Quoted capacities must be in multiples of 250 MWh. Compliance with grid standards, safety norms, and performance benchmarks is mandatory, and bidders must have prior experience in battery storage projects. Developers must also obtain connectivity approval by themselves.
According to the eligibility criteria, the bidders must have net worth of at least Rs 3.41 million per MWh of the quoted capacity as of the last date of the previous financial year or at least seven days before bid submission. Additionally, they must have an average annual turnover of Rs 5.115 million per MWh over the last three financial years and a profit before depreciation, interest, and taxes of Rs 1.023 million per MWh as of FY 2023-24 or at least seven days before bid submission. Moreover, bidders must provide an in-principle sanction letter from a bank or financial institution confirming a line of credit of Rs 2.841 million per MWh.
