SJVN Ltd issue Tender for setting up of 2.2 MW Grid connected RTS PV Power Projects in the Western Region states Under RESCO mode PMSGMBY – EQ
Summarya:
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## **Tender Summary – SJVN Ltd. (through SGEL)**
**Tender No.:** SGEL/BD/1500 MW/RfS/0825
**Date of Issue:** 05 August 2025
**Organisation:** SJVN Green Energy Limited (SGEL), wholly owned subsidiary of SJVN Ltd.
**Project:** Selection of **Solar Power Developers (SPDs)** for setting up **1,500 MW ISTS-connected Solar PV Power Projects** across India.
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### **1. Scope of Work**
* Setting up ISTS-connected **Solar PV projects (50–750 MW per bidder)**.
* SPD to arrange **land, connectivity, transmission up to ISTS, EPC, commissioning, and 25 years O\&M**.
* SGEL to enter into **Power Purchase Agreement (PPA) for 25 years** with successful bidders.
* **Tariff discovered through competitive bidding** (followed by e-Reverse Auction).
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### **2. Key Dates**
* **Tender Publication Date:** 05.08.2025
* **Pre-Bid Meeting:** 19.08.2025
* **Bid Submission Start:** 05.08.2025
* **Bid Submission End:** 15.09.2025 (14:00 hrs)
* **Technical Bid Opening:** 15.09.2025 (14:30 hrs)
* **Financial Bid Opening:** To be notified for technically qualified bidders.
* **PPA Signing:** Within **75 days** of issue of LoA.
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### **3. Financial & Security Conditions**
* **EMD (Bid Security):** ₹11,80,000 per MW (Bank Guarantee/online transfer, valid 9 months).
* **Performance Bank Guarantee (PBG):** ₹29,50,000 per MW, valid until commissioning + 1 year.
* **Tariff Ceiling:** ₹2.95/kWh.
* **Bid Processing Fee:** ₹5 lakh + 18% GST (non-refundable).
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### **4. Eligibility Criteria**
* **Technical:** No prior solar project experience required.
* **Financial:**
* **Net Worth:** ≥ ₹1.06 crore/MW (as on 31.03.2025 or latest audited FY).
* **Minimum Annual Turnover (MAT):** ≥ ₹52.9 lakh/MW.
* **Internal Resource Generation (IRG):** ≥ ₹10.6 lakh/MW.
* **In-principle sanction from lenders:** ≥ 75% of debt requirement.
* **Bid Capacity:** Minimum 50 MW, Maximum 750 MW per bidder.
* **Special Conditions:**
* Only **Class-I local suppliers** (as per MII policy) allowed.
* Consortium bidding permitted (max. 3 members). Lead member ≥ 51% shareholding.
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### **5. Bid Evaluation & Selection**
* **Process:**
1. Techno-commercial bid evaluation.
2. Financial bid opening of technically qualified bidders.
3. e-Reverse Auction (e-RA).
* **Award:** Lowest tariff (≤ ceiling) subject to meeting all eligibility & financial criteria.
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### **6. Commissioning Schedule**
* **18 months from PPA signing** – for projects requiring land acquisition/new transmission.
* **15 months from PPA signing** – if land & connectivity already in possession.
* Part-commissioning allowed in blocks of 50 MW.
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### **7. Miscellaneous**
* **Change in Law:** As per standard bidding guidelines, with pass-through benefits.
* **Extensions:** SCOD extension possible for force majeure/ transmission delays (up to 6 months).
* **Penalties:** For delay beyond SCOD, encashment of PBG + reduction in PPA tariff.
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### **8. Outcome**
This tender invites bids for **1,500 MW ISTS solar capacity**, with **stringent financial criteria** and **local supplier conditions**, aligned with **SECI/NTPC-style national solar tenders**.
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