Tender Issued for Hydro Plus Floating Solar Hybrid Project in Mumbai

• MCGM has actually tendered for an eco-friendly crossbreed power project of 20 MW hydro power capacity and 80 MW floating solar capability at the Vaitarna lake.

The Municipal Corporation of Greater Mumbai (MCGM) acting via the Municipal Commissioner, has issued a tender for the selection of programmers for purchase of a renewable hybrid power project to be created in a combination of 20 MW mounted capability of hydro power centers at the Toe of the Middle Vaitarna Dam as well as 80 MW set up capability of solar energy via floating photovoltaic or pv panels in the center Vaitarna lake.

According to the Request for Proposals (RfP) record the called for generation of electrical energy per annum will be 67.98 MU from the hydro-electric plant and also 140.58 MU from the floating solar project. The duty of the effective bidder will be to supply power from the projects to MCGM for a duration of 25 years according to the conditions of the PPA.

It has actually also been made clear that the prospective buyers will certainly be required to estimate levelised tariff for the whole period of 25 years, and also the same shall be paid by the procurer (MCGM) for each Financial Year during the whole period of PPA. The ceiling tariff for the bid has been dealt with at Rs. 4.48/ kWh.

To be eligible for taking part in the bidding procedure, the prospective buyers must:

1. have a positive Net Worth. Which must be equal to or above Rs 472 crore.
2. have Three comparable finished works of minimum 32 MW (40 percent of 80 MW) each, any kind of solar power project Or Two similar finished works of minimum 40 MW (50 percent of 80 MW) each, Or One similar completed work of minimum 64 MW (80 percent of 80 MW).
3. have for the hydro power project, effectively implemented work of comparable nature including style, built and also operated at the very least 1 small hydroelectric nuclear power plant in Maharashtra having a minimum ability of 10 MW with a working head of a minimum of 55 meters in last 15 years. The center must be in operation for at the very least ten years from the date of business operation at a minimum of 50 percent PLF. The center ought to have generated 67 MU in at least one year in the last 10 years of operation.

Each prospective buyer needs to submit the bid online accompanied by an EMD of Rs.4.72 crore. Down payment Rs. 47 lakhs via online repayment entrance and the rest in the form of Bank Guarantee, for an amount of Rs 4.25 crore. In addition, they are also required to submit a Performance Security of Rs 23.58 crore within 30 days after issuance of Letter of Award (LoA) or before signing of PPA.

The Commercial Operation Date of the hydro plant will be within 31 months from the date of finalizing of PPA. As well as the COD of the floating solar system will be within 25 months from the day of finalizing of PPA.

The last date for quote submission is January 4, 2020, as well as the techno-commercial proposals will certainly be opened on the same date.