Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to develop 75 MW of projects at the UP Solar Park for which May 31, 2022, is the deadline for submitting proposals.
To implement the solar park, Lucknow Solar Power Development Corporation is responsible. The project will be at Makrecha village (25 MW), Banghauli (20 MW), and Tikar 1 & Tikar 2 (30 MW) in Uttar Pradesh’s Jalaun district.
As an earnest money deposit, bidders will be required to pay 800,000. The selected bidder will be required to provide 1.05 million ($13,536)/MW within 30 days of the letter of intent or signature of the PPA, whichever occurs first. For 25 years, the tender’s ceiling tariff has been fixed at 3 ($0.04)/kWh. Minimizing technological risk and completing projects on schedule need only commercially proven and operational technologies.
For a period of 25 years, Uttar Pradesh Electricity Corporation would directly buy power produced by these chosen 75 MW solar projects under a power purchase agreement (PPA) with the distribution firms (DISCOMs).
It is important for the solar developer to provide the yearly capacity utilization factor (CUF) in their answer to a request for selection (RfS). Within the first year of commercial operation, the developer has the option of revising the yearly CUF. Finally, CUFs should be constant over PPA’s whole period. At a minimum, the disclosed yearly CUF should be 17 percent of the total budget.
The developer must generate yearly CUF between 10% and 15% of the declared value for ten years following the commercial operation. After 25 years, the CUF should be at least 15%, with a range of 10% to 20%. So, while crafting their answers to the RfS, bidders should take in mind the MNRE’s decision to impose a BCD on solar cells and modules.
There is no limit on how much a business or consortium may contribute to the RfS, as long as it has enough money to fulfill the required equity investment and performance bank guarantees. The bidder’s net worth should be at least $7 million ($90,244)/MW.
Interested firms were invited to submit proposals for 200 MW solar projects in September. The Uttar Pradesh Solar Park will include three projects totaling 150MW in Jalaun and Kanpur Dehat (totaling 50MW). Agribusiness firm Bundelkhand Saur Urja has shown interest in developing grid-connected solar plants in Jalaun, UP.
Reference Link:- https://www.constructionworld.in/energy-infrastructure/power-and-renewable-energy/uttar-pradesh-invites-bids-for-75-mw-of-solar-projects-/34198