Karnataka has released RFP for installation of 500 MW solar power projects
Indian center and states governments are working hard to push the solar market. And in this regards, year 2014 has encountered many solar bids. Now, just after the 50 MW capacity bid, Karnataka has released RFP for 10 times higher capacity, 500 MW. This much capacity bid is not just encouraging for the solar investor market but also shows the commitment of the state government towards growth. In this article, we will write down some key points of the 500 MW RFP.
- 500 MW capacity is for the solar thermal/ or solar PV. Bidders are allowed to bid for any number of projects with maximum individual/cumulative capacity of the order of 500 MW. Minimum bid capacity is 3 MW. If the bid project capacity is more than 20MW, the Bidder should have commissioned as a developer at least 30% of the cumulative capacity proposed, over and above 20 MW.
- Bidder can develop different project at same location, provided that project is separated by district boundary.
- Bidder can bid as single entity or consortium. In case of consortium, Members of the Consortium shall collectively hold at least 51% of subscribed and paid up equity share capital of the SPV at all times until first anniversary of the Commercial Operations Date of the Project. And, Lead Member shall have 26% shareholding of the SPV until first anniversary of the Commercial Operations Date of the Project.
- Interconnection of the SPV plant having capacity less than 5 MW will be at 11 kV. For capacity more than 5 kW interconnection can be made at 33/66/110/220 kV level. The Developer shall be responsible for power evacuation from the power plant to the nearest sub-station/delivery point. The Selected Bidder shall obtain power evacuation approval from Karnataka Power Transmission Company Limited (“KPTCL”)/ESCOM, as the case may be, within 270 (Two Hundred and Seventy) days of signing of the Power Purchase Agreement.
- Bidding process will be executed through electronic mode (www.eproc.karnataka.gov.in). The bid shall be valid for the period not less than 365 Days from the date of submission of bid.
- The Bidders are required to deposit a bid security (“Bid Security”) of Rs.10,00,000/- (Rupees Ten Lakhs only) per MW and from the total bid security amount 10,00,000 has to be submitted through e-payment option.
- Schedule of the bidding process is
|1||Last date for receiving queries||July 3, 2014, 1730 Hrs|
|2||Pre-Bid Conference||July 3, 2014, 1430 Hrs|
|3||Bid Due Date||August 20, 2014, 1630 Hrs|
|4||Due Date for submission of Demand Draft
towards cost of RFP and Processing Fee
|August 25, 2014, 1630 Hrs|
|5||Due Date for submission of original Bank
Guarantees towards Bid Security
|August 25, 2014, 1630 Hrs|
|6||Opening of Bid (except Financial Bid)||September 01, 2014, 1130 Hrs|
|7||Opening of Financial Bid||To be intimated later|
|8||Bid Validity Period||365 days from Bid Due Date|
- Cost of RFP is 10,000 (ten thousand rupees) and processing fee is 1,00,000 (One lac rupee) plus service tax @12.36% per MW.
For more details please refer RFP.
Download RFP: Karnataka 500 MW June 2014
Published by: Gaurav Sharma