Torrent Power Limited has reissued the tender for the purchase of up to 300 MW of power from grid-connected solar projects in Gujarat. Torrent power had recently won an auction which set the benchmark for lowest solar tariff at Rs. 1.99/kWh. The last date to submit bids on this tender is 18th January 2021.
Through the tender document, Torrent Power will enter into a power purchase agreement (PPA) with a successful buyer 25 years from the scheduled operating date (SCOD). Projects under construction projects not yet submitted, and projects already submitted but without a long-term PPA and any short-term agency and marketing capacity will be considered.
Cost of RfS document is Rs.25,000/- + GST (full details provided in the file attached). Bidders will have to submit an amount of ₹10 lakh/MW as the earnest money deposit (EMD).
The minimum capacity of the project will be 50 MW, with the maximum amount allocated to one buyer to be 150 MW. The successful buyer must set up a transmission network to the point of delivery at its own expense.
Source:- Torrent Power