NHPC lifts tariff cap, changes bidding deadline in 2-GW solar tender
Image source: RattanIndia Power Limited
India’s National Hydroelectric Power Corp (BOM:533098), or NHPC, has extended the bidding window and increased the tariff cap in a tender seeking to award 2 GW of solar photovoltaic (PV) capacity.
Interested parties will now be able to submit proposals by January 10, 2020, the utility confirmed on its website. This is the second extension of the bidding deadline, which was originally set for September 27, 2019, and was later pushed back to October 17, 2019. NHPC initiated the 2-GW tender at the start of September 2019.
Apart from changing the bidding timetable, NHPC has also lifted to INR 2.78 (USD 0.0386/EUR 0.0346) per kWh from INR 2.65/kWh the ceiling tariff in the tender, consultancy Mercom Capital reports. The tariff was initially set at INR 2.95/kWh but was later reduced to INR 2.65/kWh. Additionally, a change has been made that calls for the use of equipment sourced only from an approved list of models and manufacturers, while the tender previously allowed bidding under an open category.
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 that can be installed in multiple locations. A single tariff should be quoted for the entire capacity offered, with the total capacity on offer by a single party not exceeding 600 MW.
Bids are scheduled to be opened on January 14, 2020.
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.