SECI Extends Bid Deadline for its 4 MW Floating Solar With BESS Tender

• SECI has actually expanded the quote entry due date for its 4 MW drifting solar energy plant with 2 MW/01 MWh BESS tender at Andaman and also Nicobar Islands.

The Solar Energy Corporation of India (SECI) has actually released an alert, prolonging the proposal entry target date for its 4 MW drifting solar energy plant with 2 MW/01 MWh Battery Energy Storage System (BESS) tender at the Kalpong Dam in Andaman as well as Nicobar Islands.

The last day for quote entry has actually been prolonged from February 13, 2019, to February 28, 2019.

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

Based on 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 stipulations 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 relevant as on the last day of proposal entry.

The Bidders will certainly be complimentary to get financial motivations like Accelerated Depreciation, Concessional Customs as well as 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 chosen 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 ability 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 up until the day as on 24 months from the Effective Date of the PPA, as part of the sold off problems, the complete PBG quantity for the Project will be encashed by Electricity Department, A&N Administration.