SECI issue Tender for Setting up of Projects of 125 MW 500 MWh Standalone BESS in Odisha with VGF support through PSDF – EQ
Summary:
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## **1. Project Overview**
– **Title**: 125 MW/500 MWh Standalone Battery Energy Storage Systems (BESS) in Odisha
– **Capacity**: 6 projects totaling 500 MWh (125 MW × 4 hours)
– **Location**: Within identified substations in Odisha
– **Model**: Build-Own-Operate (BOO)
– **Bidding Agency**: Solar Energy Corporation of India (SECI)
– **Offtaker**: GRIDCO Limited, Odisha
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## **2. Key Features**
– **Viability Gap Funding (VGF)**: Supported through Power System Development Fund (PSDF)
– VGF amount: ₹18,00,000 per MWh
– Disbursed in 3 tranches:
1. On Financial Closure: 20%
2. On Commercial Operation Date (COD): 50%
3. After 1 year of operation: 30%
– **Technology Agnostic**: Any commercially established BESS technology permitted
– **Land Provision**: Land provided on right-to-use basis at nominal rent (₹1/project)
– **Grid Connectivity**: 33 kV underground cable connection to STU substations
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## **3. Eligibility Criteria**
### ✅ **General Eligibility**
– Indian/foreign companies, SEBI-registered AIFs, or consortia
– Lead member in consortium must hold ≥51% share
– Prohibition on bidders from land-border countries unless registered with Competent Authority
– No use of refurbished/second-hand battery cells
### ✅ **Financial Criteria**
– **Net Worth**: ≥ ₹90,00,000 per MW of quoted capacity
– **Liquidity** (any one of the following):
– Annual turnover ≥ ₹52,92,000 per MW
– PBDIT ≥ ₹10,58,400 per MW
– Line of credit ≥ ₹13,23,000 per MW
### ✅ **Technical Criteria**
– Commercially established and operational technologies only
– Must meet performance standards:
– Annual system availability ≥95%
– Round-trip efficiency (RtE) ≥85% (AC to AC)
– Minimum dispatchable capacity degradation schedule provided
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## **4. Bid Submission Process**
### **Two-Stage Bidding:**
1. **Techno-Commercial Bid (Envelope 1)**:
– Qualification documents, financial statements, technical undertaking, etc.
2. **Financial Bid (Envelope 2)**:
– Quoted Monthly Capacity Charge (₹/MW/month)
3. **e-Reverse Auction**:
– Conducted separately for each project cluster
– Minimum decrement: ₹1,000/MW/month
### **Bid Security & Fees:**
– **EMD**: ₹9,00,000 per MW (Bank Guarantee/Insurance Surety Bond)
– **RfS Document Cost**: ₹20,000 (non-refundable)
– **Bid Processing Fee**: Applicable
– **Performance Bank Guarantee (PBG)**: ₹22,50,000 per MW (post-LoA)
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## **5. Performance & Commercial Terms**
– **Contract Term**: 15 years from Scheduled Commissioning Date (SCD)
– **SCD**: 18 months from BESPA Effective Date
– **Penalties** for:
– Delay in commissioning (pro-rata PBG encashment)
– Availability shortfall (Liquidated Damages = 2 × Capacity Charges for unavailable capacity)
– RtE shortfall (based on APPC tariff)
– **Incentives**: For RtE >85%, incentive @ ₹0.50 per excess unit discharged
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