SJVN Issues RfS for 1,200 MW Solar PV Projects

The SJVN Limited has released a Request for Selection (RfS) document to select Solar Power Developers (SPDs) for the establishment of 1,200 MW of ISTS-connected solar photovoltaic (PV) power projects, along with a 600 MW/2,400 MWh Energy Storage System (ESS) across India.

This initiative aims to facilitate the procurement of firm and dispatchable power from renewable sources through a tariff-based competitive bidding process.

SJVN will enter into a Power Purchase Agreement (PPA) with the successful bidders to supply power for 25 years.

The project is expected to support the government’s goal of promoting renewable energy through the competitive procurement of solar power combined with energy storage. The guidelines and procedures for competitive bidding have been issued by the Ministry of Power, Government of India.

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The total cumulative project capacity to be awarded under this RfS is 1,200 MW, and bidders can propose a minimum project capacity of 50 MW up to a maximum of 600 MW.

The capacity will be offered in multiples of 10 MW, and projects located in North-Eastern states and special category areas can offer a minimum capacity of 30 MW. The bidders will be selected through an electronic tendering process followed by a reverse auction.

The RfS was issued on August 30, 2024, and a pre-bid meeting is scheduled for September 26, 2024. The last date for online bid submission is October 22, 2024, and hard copies must be submitted by October 25, 2024.

The technical bids will be opened on October 25, 2024. The opening date of price bids will be communicated to the technically qualified bidders.

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Bidders are required to submit a non-refundable document fee of Rs 29,500 and a bid processing fee of Rs 15 lakh plus 18% GST per project.

In addition, an Earnest Money Deposit (EMD) of Rs 10,82,000 per MW per project, up to a maximum of Rs 35 crore, must be provided in the form of a bank guarantee, Payment on Order Instrument (POI), or Insurance Surety Bond.

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