Selection of Project Developers for setting up of 1200 MW ISTS-

Connected RE Projects with Assured Peak Power Supply in India

Key provisions
Headline Items
1 Project Name
2 Scope of Project
3 Issuing Authority
4 Earnest Money Deposit
(EMD)
5 Tender Fees
6 Bid Processing Fees
7 Bid Validity
8 Type of Bidding
9 PPA Period
10 Tariff of the Projects
Details
Selection of Project Developers for setting up of 1200 MW ISTS-Connected RE Projects with
assured Peak Power Supply
• BOO basis of development
• Land, Connectivity and Long Term Open Access shall be in the scope of the Hybrid Power Developer
SECI
INR 7. 5 lakhs / MW per Project to be submitted in form BG
INR 29,500/- Inclusive of GST @ 18 %
• Rs. 5 Lakh +18% GST for each Project from 50 MW up to 90 MW capacity
• Rs. 15 Lakh + 18% GST for each Project from 100 MW and above capacity
180 days
Single Stage Two Envelope Bidding. For bidding bidders shall quote only the Peak tariff
25 years as per provisions of PPA.
• The selected projects will be eligible for “Peak Tariff” and “Off-Peak Tariff” as defined in the RfS
 Energy generated during the Off-Peak Hours shall be eligible for a fixed tariff payment @ Rs.
2.88/kWh, i.e. the Off-Peak Tariff
 Energy generated during the Peak Hours shall be purchased at the fixed tariff discovered through e-
Reverse Auction, i.e. the Peak tariff. Though supply of energy will be limited to 300 MWh within a
time period of 24 hours, for each 100 MW Contracted Capacity
• This shall be inclusive of all statutory taxes, duties, levies, cess
Key provisions
Headline Items Details

1 Eligibility • The Bidder should be a body incorporated in India under the Companies Act, 1956 or 2013
• JV allowed
• The Net Worth of the Bidder should be equal to or greater than INR 1.5 Crores per MW of the quoted
capacity for the last FY
• Minimum annual turnover of INR 1.02 Crores/MW of the quoted capacity for the last FY
• Internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes
(PBDIT) for a minimum amount of INR 20 Lakhs/ MW of the quoted capacity for the last FY
• In-principle sanction letter from the lending institutions/ banks of the Bidder, committing a Line of Credit
for a minimum amount of INR 25 Lakhs/ MW of the quoted capacity, towards meeting the working capital
requirement
2 Total Project Capacity 1200 MW
(Minimum capacity available for bid – 50 MW, Maximum capacity available for bid - 600 MW
3 Project Configuration A Project comprises of minimum two ‘components’ –
• ESS component,
• Renewable energy generating component - which can be either a solar PV system, or a wind power
system, or a combination thereof.
4 Minimum ESS capacity The minimum ESS rated energy capacity installed shall be equal to ‘X/2’ MWh, where ‘X’ is the Contracted
Capacity in MW of the Project as per the PPA
5 Connectivity with • The Projects are required to be designed for inter-connection with transmission network of CTU at voltage
Grid level of 220 kV or above.
• The arrangement of connectivity can be made by the HPD through a dedicated transmission line. The
entire cost of transmission of power to be borne by HPD
Key provisions…
Headline Items Details
11 Success Charges The Selected Bidders have to pay INR 1.00 Lakh/ MW/ Project + 18% GST to SECI towards administrative
overheads, coordination with State Authorities and others, DISCOM/ STU/ CTU, pre-commissioning and
commissioning expense.
12 Payment Security • Successful Project Developer to furnish a Payment Security Deposit (PSD) @Rs.5 lakh/MW/Project, to
Deposit SECI. This fund shall be non-refundable, and shall form part of the Payment Security Fund maintained by
SECI for the Projects
13 Performance Bank • Selected Bidders have to submit Performance Guarantee for a value @ INR 30 Lakh/ MW within 30 days
Guarantee of issuance of Letter of Award (LoA) or before signing of PPA with a validity of 32 months from the
Effective Date of the PPA
14 Commissioning In case of the Project comprising only a solar PV and ESS component:
Schedule of the • The Scheduled Commissioning Date (SCD) for commissioning of the full capacity of the Project shall be
Project the date as on 18 months from the Effective Date of the PPA
• The maximum time period allowed for commissioning of the full Project Capacity shall be limited to 30
months from the Effective Date of the PPA.
In all other cases:
• The Project shall be fully commissioned within 18 months from the Effective date of the PPA, or from the
Effective Date of PSA, whichever is later
• The maximum deadline allowed for commissioning of the full Project Capacity shall be limited to the date
as on 270 days from the SCD.
Key provisions…
Headline Items Details
11 Land Arrangements • The HPD to demonstrate possession of 100% (hundred percent) of the land identified for the Project
within 12 months from the Effective Date of the PPA
 HPD required to demonstrate possession of a minimum area of 1.5 ha/MW for the Project Capacity
 Extension charges in case of delay in possession @ Rs. 1,000/MW/day shall be levied on pro-rata
basis to the land not acquired until scheduled CoD
12 Criteria for Generation • Declared annual CUF to be minimum 35% on an annual basis
• HPD to maintain generation so as to achieve annual CUF within + 10% and -15% of the declared value till
the end of 10 years from COD and within +10% and -20% of the declared value of the annual CUF
thereafter till the end of the PPA duration of 25 years
13 Penal Provisions • Penalty to be levied @1% of the PBG amount per month +18% GST for delay in providing PBG
• In case of delay in making full payment of above delay charges, upto the date of PBG submission, interest
shall be levied on the delay charges @ one year SBI MCLR+18%GST
• BG encashment and termination of contract in case of Delay beyond 1 month from the due date of
submission of PBG
• In case of delay in commissioning of the Project beyond the SCD PBG to be encashed on per-day-basis
and proportionate basis to the balance capacity not commissioned
Results

• Greenko Group has been awarded 900 MW capacity at a peak power

tariff rate of Rs 6.12/ kWh

• ReNew Power has been awarded 300 MW capacity at a peak power

tariff rate of Rs 6.85/ kWh