SECI Extends Bid Deadline for 4 MW Floating Solar Plus BESS Tender

• SECI has actually prolonged the proposal entry due date for its 4 MW floating solar plus 2 MW/01 MWh BESS tender at the Andaman as well as Nicobar Islands momentarily time

The Solar Energy Corporation of India (SECI) has actually released a notice, expanding the proposal entry due date for its 4 MW floating 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 momentarily time inside a month.

The last day for proposal entry has actually been expanded from February 28, 2020, to March 13, 2020. The techno-commercial proposals will certainly currently be opened on March 18, 2020.

Just recently, SECI 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.

SECI had actually released the Request for Selection (RfS) for the option 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.

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 arrangements of the RfS. The optimum levelised toll payable to the Project Developer is dealt with at INR 8/ kWh for 25 years. This will be comprehensive of all legal tax obligations, tasks, levies, cess suitable as on the last day of proposal entry.

The Bidders will certainly be cost-free to get monetary rewards like Accelerated Depreciation, Concessional Customs and also Excise Duties, Tax Holidays, and so on as offered for such projects. And all prospective buyers will certainly additionally be called for to send an Earnest Money Deposit of Rs 54 lakh together with 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 permitted appointing of the complete Project Capacity with appropriate 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.