Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) floated tender inviting bids for the 500 MW grid-connected solar projects.
The last date for the submission of the bid is 26 December, 2018 and the upper limit tariff of Rs.3.00 per unit has been set for the bidding.
Scope of Services include to establish, maintain and operate solar power plants of Minimum 5 MWac and above (maximum upto 50 MWac) in a single location for a single SPG or company or group of companies or by consortium in Tamil Nadu for a total capacity of 500 MW and to supply the generated solar power to TANGEDCO under long term Power Purchase Agreement (PPA) at the rate to be finalized through e-reverse auction, considering the tariff of Rs.3.00 per unit as upper limit.
The Capacity Utilisation Factor (CUF) shall be 17 % to 19%, calculated on yearly basis. In case the availability is more than the maximum CUF specified i.e.19%, then TANGEDCO will purchase the excess generation, at 75 % of the PPA tariff as specified in the guidelines. In case the availability is less than the minimum CUF specified i.e.17%, the Solar Power Generator (SPG) is liable to pay to TANGEDCO in such a manner that TANGEDCO is offset for all potential costs associated with low generation and supply of power under the PPA, subject to a minimum of 25 % of the cost of this shortfall in energy terms, calculated at PPA tariff.
The CUF shall be calculated on yearly basis i.e. for the financial year (April to March) and for the first year, the CUF shall be calculated from the date of COD to 31st March of that particular financial year
The SPG will be free to re-power their plants from time to time during the PPA duration. However, the TANGEDCO will be obliged to buy power only within the CUF specified in the PPA. Any excess generation will be purchased by the TANGEDCO at 75 % of the PPA tariff. If there is any shortfall of generation after repowering of plant, the SPG shall pay TANGEDCO in such a manner that TANGEDCO is offset for all potential costs associated with low generation and supply of power under the PPA, subject to a minimum of 25 % of the cost of this shortfall in energy terms, calculated at PPA tariff as specified in the guidelines.
The financial criteria of the bidder shall be ascertained through networth and liquidity. The net worth of the SPG should be equal to or greater than the value calculated at the rate of Rs.106 Lakhs per MW of the proposed project capacity.
TANGEDCO notes that the projects shall be commissioned within a period of 13 (thirteen) months from the date of execution of the PPA. Delay in commissioning, beyond the Scheduled Commissioning Period shall involve penalties on the Solar Power Generator.
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