RfS for setting up of 5.6 MW Grid-Connected RTSPV Projects under RESCO Mode (RTSPV-Tranche-VIII) – EQ
Summary:
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## Part I – Bidder Participation (Techno-commercial Qualification)
**Total bidders who qualified technically:** 21 companies (incomplete participation across projects, see original table for project-wise presence).
**Notable active bidders:**
– Mateshwari Bus Operations Pvt Ltd – participated in **all 14 projects**
– Power Genesys Pvt Ltd – participated in **13 projects**
– Stockwell Solar Services Pvt Ltd – participated in **13 projects**
– Solaris Electrical Services Pvt Ltd – participated in **12+ projects**
– Renergo Developers Pvt Ltd – participated in **10+ projects**
**Partially active bidders:** GH2 Solar, GP Eco Solutions, Imagine Powertree, Ingsol LLP, Kaho, KP Green Energy, Sunshell Power Ventures, Unique Sun Power, Vyomaa Energy, etc.
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## Part II – Financial Bid Results (L1 Winner per Project)
Below is the **L1 (lowest tariff) winner** and winning tariff for each project. Lower tariff is better for the buyer (SECI / building owner).
| Project | Location | Capacity (kW) | **L1 Winner** | **Winning Tariff (₹/kWh)** |
|———|———-|—————|—————-|—————————–|
| P-1 | Sushma Swaraj Bhawan, New Delhi | 115 | GP Eco Solutions India Ltd | **3.65** |
| P-2 | MEA / Jawaharlal Nehru Bhawan, New Delhi | 300 | GH2 Solar Ltd | **3.13** |
| P-3 | DGCA, New Delhi | 450 | Solaris Electrical Services Pvt Ltd | **3.65** |
| P-4 | NIFT, Delhi | 200 | Kaho | **3.79** |
| P-5 | National Science Centre, New Delhi | 215 | Kaho | **3.79** |
| P-6 | Kurukshetra Panorama & Science Centre | 205 | Solaris Electrical Services Pvt Ltd | **3.80** |
| P-7 | NIT, Jamshedpur | 1,200 | GH2 Solar Ltd | **3.00** |
| P-8 | IISER, Thiruvananthapuram | 1,000 | GH2 Solar Ltd | **3.04** |
| P-9 | NIFT, Bhopal | 160 | Stockwell Solar Services Ltd | **3.97** |
| P-10 | IISER, Pune | 750 | Mateshwari Bus Operations Ltd | **3.06** |
| P-11 | Textiles Committee, Mumbai | 85 | Mateshwari Bus Operations Ltd | **3.15** |
| P-12 | NIFT, Hyderabad | 280 | Mateshwari Bus Operations Ltd | **2.97** |
| P-13 | IGRUA, Amethi | 450 | Alcorn India Pvt Ltd | **3.75** |
| P-14 | Regional Science City, Lucknow | 255 | GP Eco Solutions India Ltd | **3.48** |
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## Key Business Insights
### 1. **Most Competitive (Lowest) Tariffs**
– **₹2.97/kWh** – NIFT Hyderabad (P-12) – *lowest across all projects*
– **₹3.00/kWh** – NIT Jamshedpur (P-7)
– **₹3.04/kWh** – IISER Thiruvananthapuram (P-8)
– **₹3.06/kWh** – IISER Pune (P-10)
> These tariffs are **highly attractive** for SECI / building owners and reflect strong competition.
### 2. **Top Performing Bidders (by L1 wins)**
| Bidder | No. of L1 Wins | Key Strengths |
|——–|—————-|—————-|
| **Mateshwari Bus Operations Ltd** | 3 (P-10,11,12) | Won large projects (750 kW, 280 kW) at very low tariffs (₹2.97–3.15) |
| **GH2 Solar Ltd** | 3 (P-2,7,8) | Won the **largest projects** (1,200 kW & 1,000 kW) at sub-₹3.10 tariffs |
| **Solaris Electrical Services** | 2 (P-3,6) | Multiple runner-up positions; consistent presence |
| **GP Eco Solutions** | 2 (P-1,14) | Competitive tariffs in small & medium projects |
| **Kaho** | 2 (P-4,5) | Mid-range tariffs (₹3.79) |
| **Alcorn India** | 1 (P-13) | Single win at ₹3.75 |
| **Stockwell Solar** | 1 (P-9) | Won NIFT Bhopal at ₹3.97 |
### 3. **RESCO Model Advantage for Building Owners**
– Zero upfront capex
– Only pay for **power consumed** at contracted tariff
– Operation & maintenance risk borne by developer
### 4. **Wide Tariff Spread**
– Lowest: ₹2.97/kWh (NIFT Hyderabad)
– Highest L1: ₹3.97/kWh (NIFT Bhopal) – still competitive versus grid commercial tariff
### 5. **Geographic Variation**
– Southern & western locations (Hyderabad, Pune, Thiruvananthapuram, Jamshedpur) attracted **lower tariffs** (₹2.97–3.15)
– Delhi NCR projects saw higher tariffs (₹3.65–3.79)
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