SECI has extended the bid deadline for setting up of 750 MW Grid-connected Solar PV Power Projects in the State of Rajasthan. The tender was issued on 3 Aug 2018. The bidding deadline has now been extended to 22 Nov 2018.
As part of the Government of India’s target to achieve a cumulative capacity of 100GW Solar PV installation by the year 2022, SECI had invited proposals for setting up of grid connected Solar PV projects in the State of Rajasthan on “Build Own Operate” (B-O-O) basis for an aggregate capacity of 750 MW.
The PPA was to be signed by SECI for a period of 25 years. Power procured by SECI from the above Project will be sold to the State Buying Entity, i.e. Rajasthan Urja Vikas Nigam Limited (RUVNL).
The maximum tariff payable to the Project Developer is fixed at INR 2.93/ kWh for 25 years.
The developer has to mention the expected capacity utility factor (CUF) during bidding. The CUF for the Project shall remain unchanged for the entire term of the PPA. The declared annual CUF shall in no case be less than 17%. The developers will have 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, subject to the annual CUF remaining minimum of 15%, and within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years.
If for any contract year, the developer fails to generate minimum energy corresponding to the value of annual CUF within the permissible lower limit of CUF declared by the developer, on account of reasons solely attributable to the SPD, such shortfall in performance shall make the solar project developer (SPD) liable to pay the compensation provided in the PSA (Power Sale Agreement) as payable by SECI to Buying Utility(ies) or the Discoms and shall duly pay such compensation to SECI to enable SECI to remit the amount to them.
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