Rajasthan RFP for 50 solar projects of 1 MW each

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Rajasthan Renewable Energy Corporation (RREC) has floated an RFP for setting up 50 solar projects each of 1 MW to be connected at 11 kV level under Rajasthan Solar Policy 2011.

1. The qualification requirements for the companies include a net worth criteria of equal to or greater than Rs.3 crores per MW of capacity applied. The bidder should have implemented at least one project of the proposed technology of 1 MW.

2. The bidders will be selected for each zone (Discom) separately on the basis of the discount offered by bidders on the benchmark tariff (Rs.7.16/kWh which is after considering accelerated depreciation). The tariff should not exceed by more than 10% of the overall L1 tariff of any zone/Discom.

3. The PPA is to be signed by 31st March, 2014 and projects commissioned by 31st March, 2015.

4. Earnest Money Deposit – Rs.20 lacs/MW in the form of bank guarantee

S.No. Discount offered on benchmark tariff Amount of Bid Bond(BG) applicable for every paisa of discount on Benchmark tariff (per MW)
1. Upto 10% Rs.10,000/-
2. More than 10% and upto 15% Rs.20,000/-
3. More than 15% and upto 20% Rs.30,000/-
4. More than 20% and upto 25% Rs.40,000/-
5. More than 25% Rs.50,000/-

Performance Bank Guarantee – Rs.30 lacs/MW

5. Pre-bid meeting at 10:30 A.M. on 15.07.2013 at Harish Chandra Mathur Rajasthan Institute of Public Adminisration, Jawahar Lal Nehru Marg, Jaipur

Please click here for the document Draft RfP for 50 SPV projects each of 1 MW under Solar Policy, 2011

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