5th Extension for SECI's 4 MW Floating Solar Plus BESS Tender

• Expansion of the tender for 4 MW floating solar with 2 MW/ 1 MWh BESS in North Andaman. This is currently the 5th such expansion in SECI's tender.

The Solar Energy Corporation of India (SECI), in its newest alert, has actually expanded the quote entry target date for its tender for the choice of solar energy designers for establishing of 4 MW grid-connected floating solar projects with 2 MW/ 1 MWh Battery Energy Storage Systems (BESS) at the Kalpong Dam in North Andaman. This is currently the 5th expansion in SECI's tender.

The last day for quote entry has actually been prolonged from April 13, 2020, to May 18, 2020. The techno-commercial quotes will certainly currently be opened on May 21, 2020.

SECI had actually released the Request for Selection (RfS) for the choice of solar energy programmers (SPDs) for establishing of 4 MW grid-connected floating solar PV power project with 2 MW/1MWh BESS at the Kalpong Dam in North Andaman in January.

According to the RfS, the Electricity Department, Andaman & Nicobar management (A&NA) will participate in a Power Purchase Agreement (PPA) with the effective Bidder chosen by SECI based upon this RfS for acquisition of Floating Solar Power with BESS for a duration of 25 years based upon the terms, problems as well as arrangements of the RfS. The optimum levelised toll payable to the Project Developer is repaired at INR 8/ kWh for 25 years. This will be comprehensive of all legal tax obligations, responsibilities, levies, cess appropriate as on the last day of proposal entry.

The Bidders will certainly be totally free to get financial rewards like Accelerated Depreciation, Concessional Customs and also Excise Duties, Tax Holidays, and so on as readily available for such projects. And all prospective buyers will certainly likewise be needed to send an Earnest Money Deposit of Rs 54 lakh in addition to their proposals.

The Bidders picked by SECI based upon this RfS will send Performance Guarantee for a worth of Rs 1.08 Crores within 30 days of issuance of Letter of Award (LoA) or prior to finalizing of PPA, whichever is previously.

The Scheduled Commissioning Date (SCD) for the appointing of the complete capability of the Project will be the day as on 18 months from the Effective Date of the PPA. The optimal period enabled appointing of the complete Project Capacity with suitable sold off problems will be restricted to the day as on 6 months from the SCD or the expanded SCD. In case of hold-up in appointing of the Project past the SCD till the day as on 24 months from the Effective Date of the PPA, as part of the sold off problems, the overall PBG quantity for the Project will be encashed by Electricity Department, A&N Administration.

Just recently, SECI had actually expanded the due date for the tender for the 4th time, expanding the proposal entry due date from March 20, 2020, to April 13, 2020, which itself had actually been prolonged from March 13, 2020. Before that, the due date was expanded from February 28, 2020, to March 13, 2020. As well as prior to that, it had actually expanded the due date for the tender for the very first time, prolonging the proposal entry due date from February 13, 2020, to February 28, 2020.