The Odisha state government, through OREDA (Odisha Renewable Energy Development Agency) today floated a tender for 25 MW of solar capacity to be installed in the state in continuation of the state’s pursuit of adding solar capacity to its renewable energy portfolio. The state had floated two other tenders earlier for 25 MW each. The tariff arrived at during the previous two occassions was Rs. 7 per kWh in the first phase and Rs. 7.28 in the second phase. Interestingly, the RfP mentions that further reduction in tariff is to be expected even though the second phase witnessed an increase in tariff when compared with the first phase.
Some of the highlights of the RfP include
- Off-taker – GRIDCO
- PPA Duration – 25 years
- Capacity to be allocated – 25 MW
- Bidding Mechanism – L1 for the entire 25 MW to be allocated to a single EPC/Developer
- Net worth criteria – Rs. 2.7 crores per MW totalling Rs. 67.5 crores for the entire 25 MW
- Evacuation @ 33 kV or 132 kV
- CUF capped at 17.8% (annually) with a tolerance of 10% on either side
- Any generation ABOVE the tolerance limit would not be paid for by GRIDCO, but a penalty would be imposed on generation BELOW the tolerance limit (penalty @ Rs. 0.5 per kWh)
- In the event of grid failure, any energy generation that was lost would be determined based on on-site conditions and would be deemed to be injected to the grid. This would be used to very fulfilment of generation obligations but monetary reimbursement would not be provided to the developer for lost generation.
- Last date for submission of response – 7th March 2013
- Financial closure – within 210 days from signing of PPA
The timeline for the project execution is given below
The tender document can be accessed in its entirety here.
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