Vedanta Seeking Developers for 100 MW Solar Projects in Odisha

• Vedanta Limited has actually provided an RfP for the choice of programmers for establishing a 100 MW solar project under the BOOT Model at numerous land parcels of Vedanta in Odisha.

Vedanta Limited has actually released a Request for Proposal (RfP) for the option of designers for establishing of 100 MW ground-mounted solar project with tariff-based affordable proposals (with reverse public auction). The project is to be created under the Build-Own-Operate-Transfer (BOOT) Model with an alternative to transform to restricted setting at several land parcels of Vedanta Limited in District Jharsuguda of Odisha.

The last day for entry of reactions to the tender is March 18, 2020, as well as the techno-commercial quotes will certainly be opened on March 24, 2020. A pre-bid conference has actually been set up for March 5, 2020, to attend to the issues elevated by the potential bidders. The day as well as time of opening of the rate quotes will certainly be connected to the practically certified prospective buyers independently.

According to the RfP, Vedanta Limited, Jharsuguda (VLJ) is a required entity that needs to acquire eco-friendly power in order to fulfill its Renewable Purchase Obligation (RPO). In order to fulfill such responsibilities, VLJ wishes to set up 100 MWp of solar energy project on its freehold land parcels situated within as well as around its Aluminum plant in Jharsuguda, Odisha. The project is to be established via knowledgeable designers under the BOOT design for the supply of power for a duration of 25 years from the day of appointing of the project.

The effective prospective buyer needs to produce a Project Company for establishing the project. According to regards to this RFP, the effective prospective buyer is under obligation to permit VLJ to obtain 26 percent equity in such firm at publication worth within 1 year of COD of the whole acquired capability in order to preserve the standing of the project as hostage plant under the regulation.

To be qualified for taking part in the bidding procedure

1. The prospective buyer will have a favorable total assets in the last 3 fiscal years. Additionally, the total assets ought to amount to or above Rs 100 crore for 100 MW ability provided by the prospective buyer in its quote or equal USD.
2. The yearly economic turn over ought to go to the very least Rs 50 crore of any type of year throughout the last 5 years for the proposal capability of 100 MW. Nonetheless, if the prospective buyer has actually chosen to bid for a lower quantum matching fully solar possibility of one land parcel, the monetary turn over requirements will be not less than Rs 15 crore.
3. The Bidder has to have created a solar PV ground-mounted project of collective ability of 20 MW ability in the BOOT version/ Tariff based design as well as must have been accomplishing its Operations and also Maintenance in the last 5 years.