SECI issue Tender for RfS for setting up of 5.6 MW Grid-Connected RTSPV Projects under RESCO Mode (RTSPV-Tranche-VIII) – EQ

Summary:

—

### **1. Project Overview**
* **Objective:** Select SPDs to finance, design, install, own, operate, and maintain rooftop solar plants. The SPD will sell the generated solar power to the client organization under a long-term Power Purchase Agreement (PPA).
* **Total Capacity:** ~5,665 kW, split across 14 projects at different client sites (e.g., Sushma Swaraj Bhawan, MEA, DGCA, NIFTs, IISERs, etc.).
* **Business Model:** **RESCO Mode.** The SPD owns the asset and is responsible for all capital expenditure, O&M, and performance risk for 25 years.
* **PPA Term:** 25 years from the Commercial Operation Date (COD).

### **2. Key Bidding Information**
* **Bid System:** **Single-Stage, Two-Envelope** (Techno-Commercial Bid & Financial Bid). Bidding is conducted **online** via the ISN-ETS portal.
* **Bid Processing Fee:** **INR 6,000** (non-refundable, inclusive of GST).
* **Earnest Money Deposit (EMD):** **Required.** Amount varies per project (see table in Clause 15). Can be submitted as a **Bank Guarantee (BG), Payment on Order Instrument (POI)** from PFC/REC, or an **Insurance Surety Bond**.
* **Performance Bank Guarantee (PBG):** **Required upon selection.** Amount: **INR 3,375 per kW** of awarded capacity. Can also be submitted as BG, POI, or Surety Bond.
* **Service Charges (to SECI):** **INR 1,350 per kW** + GST, payable in two installments (50% after LoA, 50% before PPA signing).
* **Bid Validity:** 12 months from the bid submission deadline.

### **3. Bidder Eligibility Criteria**
* **Entity Type:** Company, LLP, Registered Partnership, or Proprietorship Firm under Indian law. **A foreign company cannot bid standalone or as a consortium member.**
* **Consortium:** Allowed. Must have a **Lead Member** with **not less than 51% shareholding** in the consortium. All members must have non-zero equity participation.
* **Technical Eligibility:**
* Must use commercially established technology.
* **Solar PV modules and cells must be sourced from manufacturers listed in the MNRE’s Approved List of Models and Manufacturers (ALMM)** lists valid on the date of invoicing.
* **Financial Eligibility (Must meet both):**
* **Net Worth:** Must be equal to or greater than the cumulative requirement for all projects bid for. Value is specified per project in Clause 32.1.
* **Liquidity/Working Capital:** Must be equal to or greater than the cumulative requirement for all projects bid for. Can be demonstrated through financial statements or a confirmed bank line of credit. Value is specified per project in Clause 32.2.
* **Documents:** Audited annual accounts for FY 2024-25 (or provisional accounts as of 7 days prior to bid deadline) with supporting CA certificates.

### **4. Bid Submission & Evaluation Process**
1. **Registration:** Bidders must register on the **ISN-ETS portal** (`https://www.bharat-electronictender.com`) and download the official RfS copy.
2. **Bid Submission (Two Envelopes):**
* **Envelope I (Techno-Commercial):** Contains all eligibility documents, formats, and declarations.
* **Envelope II (Financial):** Contains only the **quoted fixed tariff (INR/kWh)** for each project applied for.
3. **Evaluation:**
* **Step 1:** Only bids with complete documentation (incl. EMD & fee) are opened. SECI evaluates Techno-Commercial eligibility.
* **Step 2:** Financial Bids of only qualified bidders are opened.
4. **Selection & Award:**
* The bidder quoting the **lowest tariff (L1)** for a specific project is declared the **Successful Bidder** for that project.
* **Tie-Breaker (if same L1 tariff):** 1) Higher Net Worth; 2) Higher declared CUF; 3) Draw of lots.
* **No negotiations** on the quoted tariff are permitted.
* **Letter of Award (LoA)** is issued separately for each project.

### **5. Critical Project & Contractual Obligations**
* **Scope of Work:** SPD is solely responsible for design, engineering, supply, installation, grid connectivity approvals, net-metering, testing, commissioning, and 25-year comprehensive O&M.
* **Commissioning Timeline:**
* **Scheduled Commissioning Date (SCD):** 7 months from PPA Effective Date.
* **Maximum Delay with Penalty:** Up to 6 months from SCD (pro-rata PBG encashment).
* **Delay beyond Max Period:** PPA capacity gets reduced to only the commissioned capacity; balance stands terminated.
* **Performance (CUF):**
* Must declare a minimum annual CUF of **15%** at the time of bidding.
* Must maintain generation within **+10% / -15%** of declared CUF for the first 10 years, and **+10% / -20%** thereafter.
* **Penalty for shortfall:** 50% of PPA tariff for the shortfall energy.
* **Shareholding Lock-in:** The Successful Bidder (or consortium members combined) must maintain a **minimum 51% shareholding** in the Project Company/SPV until **1 year after COD**.
* **Jurisdiction:** Exclusive jurisdiction for all matters related to this RfS lies with the **courts at New Delhi, India**.

—-

For more information please see below link: