SECI issue Tender for Setting up of 10 MW Grid Connected Solar PV Project with 10 MW20MWh BESS in Odisha under VGF Scheme – EQ
Summary:
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### Key Business & Project Details
**1. Project Overview & Scope**
* **Objective:** Selection of a Solar Power Developer (SPD) to set up a 10 MW Grid-connected Solar PV Power Project with a 10 MW/20 MWh Battery Energy Storage System (BESS) in Odisha.
* **Model:** Build, Own, Operate (BOO).
* **Buying Entity:** GRIDCO Limited. SECI will be an intermediary nodal agency.
* **SPD Responsibilities:**
* Identification and procurement of land.
* Obtaining grid connectivity and all necessary approvals.
* Designing, financing, building, owning, and operating the project.
* Constructing the transmission network up to the STU interconnection/delivery point.
* **Technology:** Technology-agnostic, but must use solar PV technology with BESS. BESS must be charged by solar power to qualify.
**2. Key Commercials & Timelines**
* **PPA Term:** 25 years from the Scheduled Commissioning Date (SCD).
* **Maximum Tariff:** ₹2.70 per kWh (fixed for 25 years).
* **Maximum VGF:** ₹1 Crore per MW. *Bidders can choose to bid for VGF or a discounted tariff, but not both.*
* **Scheduled Commissioning Date (SCD):** 13 months from the Effective Date of the PPA.
* **Financial Closure Deadline:** 6 months from the Effective Date of the PPA.
* **Land Requirement:** Minimum 1.5 Hectares per MW must be in the clear possession of the SPD.
**3. Energy Supply & Performance Criteria**
* **Minimum CUF:** The declared annual Capacity Utilization Factor (CUF) cannot be less than 17%.
* **CUF Tolerances:**
* Years 1-10: +10% and -15% of declared CUF.
* Years 11-25: +10% and -20% of declared CUF.
* **Assured Peak Power Supply:** The SPD must supply 2,000 kWh per MW of contracted capacity (20,000 kWh for the 10 MW project) during two peak hours (between 6:00 PM and 9:00 AM) chosen daily by the Buying Entity. Shortfalls in peak power supply attract separate penalties.
**4. Financial & Bid Security Requirements**
* **Cost of RfS Document:** ₹50,000 + GST (non-refundable).
* **Bid Processing Fee:** ₹2,00,000 + GST (non-refundable).
* **Earnest Money Deposit (EMD):** **₹1,42,50,000**.
* Must be submitted as a Bank Guarantee (BG), Payment on Order Instrument (POI) from PFC/REC, or an Insurance Surety Bond.
* Valid for 12 months from the bid submission deadline.
* **MSE Exemption:** Micro and Small Enterprises (with valid UDYAM registration) are exempt from submitting Cost of RfS, Bid Processing Fee, and EMD, subject to meeting all eligibility criteria on their own or through MSE affiliates.
* **Performance Bank Guarantee (PBG):** **₹3,56,25,000**.
* Must be submitted by the successful bidder prior to signing the PPA.
* **Success Charges:** ₹1,00,000 per MW + taxes.
* 50% payable within 30 days of LoA; remaining 50% before signing the PPA.
**5. Eligibility Criteria**
* **Entity Type:** The bidder must be a Company (as defined in the Companies Act). Proprietorships, LLPs, and partnerships are **not** eligible.
* **Single Bid:** A bidder, its parent, affiliate, or group company can submit only one bid for the full 10 MW capacity.
* **Consortium:** Allowed, with a Lead Member holding at least 51% in the consortium. All members must be companies and have a non-zero equity share.
* **Foreign Companies:** Can participate but must form an Indian subsidiary (SPV) with at least 51% shareholding before signing the PPA.
* **Border Countries:** Bidders from countries sharing a land border with India must be registered with the Competent Authority.
* **Wilful Defaulter/Blacklisting:** The bidder or its affiliates must not be a wilful defaulter or be blacklisted by any government agency.
**6. Financial Eligibility Criteria**
The bidder (or its affiliates) must meet the following as of FY 2024-25:
* **Net Worth:** Must be equal to or greater than **₹14.25 Crore**.
* **Liquidity (at least one of the following):**
1. **Annual Turnover:** Minimum of **₹4,02,36,000** (excluding other income).
2. **Internal Resource Generation:** PBDIT (excluding other income) of at least **₹80,47,000**.
3. **Line of Credit:** In-principle sanction letter from a bank for a minimum of **₹1,00,59,000**.
**7. Technical Eligibility & Compliance**
* **Modules:** Must be from the MNRE’s Approved List of Models and Manufacturers (ALMM) as of the date of invoicing.
* **Standards:** All components (modules, inverters, BESS) must comply with the detailed technical parameters and relevant BIS/IEC standards specified in Annexure-B.
* **Performance Monitoring:** Mandatory installation of weather monitoring systems and SCADA with 24×7 remote access for SECI/MNRE.
* **BESS Requirements:** Must comply with CEA technical standards for grid connectivity, including LVRT/HVRT, frequency response (47.5-52 Hz), and primary frequency control. A fire protection system conforming to national codes is mandatory.
* **Warranty:**
* Modules: 90% of peak wattage at 10 years, 80% at 25 years.
* Inverters: 5 years.
* Mechanical/Electrical workmanship: 5 years.
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