India's NHPC invites bids for 2 GW of solar projects

Image source: RattanIndia Power Limited

September 6 (Renewables Now) - India’s National Hydroelectric Power Corp (BOM:533098), or NHPC, this week issued a Request for Selection (RfS) for the deployment of 2,000 MW of solar photovoltaic (PV) capacity across the country.

The competition targets projects that will be connected to the Inter-State Transmission System (ISTS) and can be located anywhere in the country. Solar power developers have to bid for at least 50 MW of capacity and in multiples of 10 MW thereafter under an open category, meaning that there is no domestic content requirement (DCR) and modules for their projects can be imported.

The deadline for submitting proposals is September 25, 2019, with bids to be opened two days later.

Winners will be awarded 25-year power purchase agreements (PPAs) with NHPC at a fixed price of INR 2.95 (USD 0.041/EUR 0.037) per kWh. Successful projects will be implemented on a build-own-operate (BOO) basis on land that is identified and arranged by the solar power developers.

(INR 10 = USD 0.140/EUR 0.126)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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