Omkareshwar Floating Solar: RUMSL Invites Bids for Phase 2 of 300 MW

• The beginning of the process for the 2nd part of the 600 MW floating solar plan on the Omkareshwar reservoir portends well for the development of this lengthy planned floating solar project.
• Earlier LOA's for phase 1, for 300 MW were awarded to AMP energy, NHDC, and SJVN.

Adhering to the successful verdict of it's phase I tender for 300 MW, Rewa Ultra Mega Solar (RUMSL) has initiated proceedings for phase 2. The plans for 600 MW floating solar power project in Madhya Pradesh's Omkareshwar Reservoir appear to be progressing well to make it among the biggest floating solar projects worldwide in time. This comes even as NTPC has actually also appointed the final part of its 100 MW floating solar project at Ramagundam, maing it by far the biggest in India for now. With better domestic accessibility of the specialised equipment needed for floating solar plants, the odds of effective projects have enhanced dramatically at competitive rates, unlike say, 2 years back.

RUMSL is a JV of Solar Energy Corporation of India (SECI) and also Madhya Pradesh Urja Vikas Nigam (MPUVN).

According to the notification, the submissions of the bids could be made by September 26, 2022 and the bids opening will certainly happen on September 27, 2022. The solar energy project is planned by RUMSL in 2 phases as well as there will be a total amount of six independent floating solar PV plants on the reservoir. These all will certainly be grid linked.

Each of the units will be of 100 MW; hence the overall capacity would happen 600 MW. The request for proposition (RFP) made by RUMSL is for units A, B and C under Phase-II that will with each other make 300 MW (3X100 MW). Phase 1 saw LOA's being granted early this month. The lowest bid received was Rs 3.21 for that phase.

Qualifications Required

As per RUMSL, a bidder can a bidder can estimate a minimum quantity of 90 MW per group. The notice holds that the bidders require to provide a bid safety and security for Rs 9 crore when qualification for one unit is sought. They would certainly need to submit Rs 18 crore if qualifications for more than one unit is sought.

It has actually been informed that power generated from the solar power units will be acquired by the Madhya Pradesh Power Administration Company (MPPMCL). It will certainly be done under the stipulations of the power purchase contract (PPA) that the procurer will certainly sign with the power generators at the floating plants for a period of 25 years.

RUMSL is mandated to create power discharge facilities that will certainly help interconnection of units and also evacuation of power. In the Phase-I auctions, RUMSL had actually stated Amp Energy, NHDC, and also SJVN as victors for the 300 MW floating solar park on the very same reservoir.